Need an appraisal for an FHA-backed mortgage? Call Graff AppraisalsThe FHA publishes a list of approved appraisers for each state - Graff Appraisals is on the roster of approved appraisers for IL. If you have an FHA-insured loan, be sure to call Graff Appraisals, as we are approved and qualified to perform FHA appraisals. A certain amount of the ongoing training our staff at Graff Appraisals completes deals exclusively with decoding the FHA's documentation and their rules and procedures. If you're in need of an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away. The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA-insured loan, it means it is insured by them. The FHA does not loan money to borrowers, rather, it provides lending organizations with protection through mortgage insurance in case the borrower does not pay his or her financial obligations. Low-income and moderate-income consumers benefit from an FHA-backed financial transaction; the purpose of the Federal Housing Administration is to cooperate with credit-worthy consumers to meet expectations and qualifications for lending organizations that they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are extremely useful to those buyers with less accumulated starting capital. |