O'Brist Appraisal, Inc. is your FHA certified appraisal companyThe FHA maintains of approved appraisers for each state - O'Brist Appraisal, Inc. is on the roster of approved appraisers for IL. This means that we are certified and approved by the FHA to do appraisal reports for house loans underwritten by them. A portion of the continuing training our staff at O'Brist Appraisal, Inc. receives deals precisely with understanding the FHA's documentation and their rules and procedures. Contact us today if you need to get an appraisal done on an FHA-insured loan. The FHA is the Federal Housing Administration, which is a federal organization in the United States Department of Housing and Urban Development (HUD) - if your financial transaction is an FHA loan, it means it is backed by them. The FHA does not loan capital to borrowers, rather, it provides lending agencies with protection by offering mortgage insurance in case the borrower does not pay his or her financial obligations. Low-income and moderate-income borrowers benefit from an FHA-insured loan; the purpose of the Federal Housing Administration is to cooperate with credit-worthy consumers to meet expectations and necessities for lending organizations that they otherwise would not. Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. FHA loan programs are incredibly helpful to those consumers with less accumulated funding. |