is Illinois state certified and on the FHA Roster of approved residential appraisers.
Paul Hildebranski Appraisal Service is qualified and approved to do appraisal reports for FHA secured loans.
FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Paul Hildebranski Appraisal Service is well-trained on how to work in accordance with the rules and regulations provided.
An FHA loan is backed by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD).
The lender provides all the loaned money - the FHA simply backs the transaction through mortgage insurance in case the borrower defaults on his or her loan.
Low-income and moderate-income borrowers benefit the most from FHA-backed loan programs. The point of the Federal Housing Administration is to aid credit-worthy families and individuals get approved for mortgages that they otherwise would not.
Remember, the FHA differs from the VA appraiser panel in that the lending agency can pick the appraiser.
Down payments are often lower with an FHA loan despite using conventional market rates.
FHA loan programs are particularly beneficial to those purchasers with less available starting capital.
