Book Value Appraisals is your FHA certified appraisal companyThe FHA publishes a list of approved appraisers for each state - Book Value Appraisals is on the roster of approved appraisers for IL. If you have an FHA-secured loan, be sure to call Book Value Appraisals, as we are approved and qualified to perform FHA reports. We're trained and understand the rules and procedures in FHA's guidance and policy documents. If you're in need of an appraisal for an FHA loan, please contact us, and we'll be able to help you right away. An FHA loan is insured by the Federal Housing Administration, a federal organization that is a part of the U.S. Department of Housing and Urban Development (HUD). The lending organization takes care of all the loaned money; the FHA simply secures the loan with mortgage insurance in case the borrower defaults on his or her loan. Available to all purchasers, FHA loan programs are built to assist credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans. Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. Buyers with lesser income or less starting money to use as a down-payment on a loan are helped the most from Federal Housing Administration loan programs. |