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 appraisals for house loans underwritten by them.
FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at CJP Appraisal Services is well-trained on how to work in accordance with the rules and regulations provided.
 |
 |
 |
If you need an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away. |
|
|
If your loan is FHA insured, that means that it has been secured by the Federal Housing Administration, which is a branch of the United States Department of Housing and Urban Development (HUD).
The lender takes care of all the money in the loan - the FHA simply secures the transaction through mortgage insurance in case the borrower defaults on his or her loan.
The FHA and their loan programs are designed to benefit low-to-moderate income purchasers by easing credit requirements.
Remember that the lending organization approving a loan associated with the Federal Housing Administration is allowed to pick which appraisers they will use, unlike the VA appraisal panel.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.
The loan programs that the FHA provides are extremely helpful to consumers with minimal starting capital.