Signature Appraisals, Inc is your FHA certified appraisal companyWe confidently state that Signature Appraisals, Inc is an FHA-approved appraisal provider in IL. If you have an FHA-secured loan, be sure to hire Signature Appraisals, Inc, as we are approved and qualified to perform FHA appraisal reports. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Be sure to contact Signature Appraisals, Inc if you need an appraisal done for an FHA-secured loan. If your house loan is FHA insured, that means that it has been secured by the FHA, which is a branch of the United States Department of Housing and Urban Development (HUD). The lending organization takes care of all the finances; the FHA simply insures the loan with mortgage insurance in case the borrower defaults on his or her loan. The FHA and their loan programs are formed to help low-to-moderate income homebuyers help meet credit requirements if they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Those with lower income or less starting funds to put down on a loan benefit the most from Federal Housing Administration loan programs. |