Nord Appraisal Services LLC is approved for FHA mortgagesNord Appraisal Services LLC is IL state certified and on the FHA Roster of approved residential appraisers. This indicates that we are certified and approved by the FHA to do appraisals for house loans underwritten by them. Part of the periodic training our staff at Nord Appraisal Services LLC undergoes deals exclusively with comprehending the FHA's documentation and their rules and procedures. Be sure to contact Nord Appraisal Services LLC if you need an appraisal done for an FHA-secured loan. If your financial transaction is FHA approved, that means that the loan has been guaranteed 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 paid for in case the borrower defaults on his or her loan obligations. Applicable to all purchasers, FHA loan programs are created to assist credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans. Down payments are often lower with an FHA loan despite using conventional market rates. Those with lesser income or less starting money to use as a down-payment on a financial transaction benefit the most from FHA loan programs. |