is Illinois state certified and on the FHA Roster of approved residential appraisers.
If you have an FHA-loan, be sure to call Andel Appraisals, as we are approved and certified to perform FHA reports.
We're trained and understand the rules and procedures in FHA's guidance and policy documents.
If your loan is FHA certified, that means that the loan has been secured by the FHA, which is a branch of the United States Department of Housing and Urban Development (HUD).
None of the money in the loan is provided by the FHA. What the FHA does is ensure that the mortgage is insured in case the borrower doesn't pay their loan.
Available to all consumers, FHA loan programs are built to help credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
Different from the VA appraiser panel, the lender working with FHA actually has the freedom to pick the appraiser.
Down payments are often lower with an FHA loan despite using conventional market rates.
FHA loan programs are incredibly beneficial to those consumers with less accessible starting capital.