Need an appraisal for an FHA-backed mortgage? Call George CompanyThe FHA keeps a roster of approved appraisers for each state - George Company is on the roster of approved appraisers for IL. If you have an FHA-insured loan, be sure to get with George Company, as we are approved and certified to handle FHA appraisal reports. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at George Company is well-trained on how to follow the rules and regulations provided. Be sure to contact George Company if you need an appraisal done for an FHA-secured loan. If your house loan is FHA approved, that means that it has been guaranteed by the Federal Housing Administration, which is underneath the United States Department of Housing and Urban Development (HUD). The lending company provides all the finances; the FHA simply insures the loan through mortgage insurance in case the borrower defaults on his or her loan. Accessible to all purchasers, FHA loan programs are formed to aid credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans. 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 particularly helpful to those purchasers with less accumulated funding. |