is Illinois state certified and on the FHA Roster of approved residential appraisers.
This indicates that we are certified and approved by the FHA to do reports for house loans backed by them.
FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Beekman & Associates is well-trained on how to work in accordance with the rules and regulations provided.
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 financial transaction is an FHA-secured loan, it means it is underwritten by them.
The FHA does not loan capital to borrowers. Rather, it provides lending organizations with safety through mortgage insurance in case the borrower defaults on his or her financial obligations.
The FHA and their loan programs are built to benefit low-to-moderate income buyers by easing credit qualifications.
Remember, the FHA is different from the VA appraiser panel in that the lending agency can select the appraisal company.
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 beneficial to those homebuyers with less available funding.
