Need an appraisal for an FHA-backed mortgage? Call Leroy Albany AppraisalsLeroy Albany Appraisals is IL state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-loan, be sure to contact Leroy Albany Appraisals, as we are approved and qualified to produce FHA appraisals. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Be sure to contact Leroy Albany Appraisals if you need an appraisal done for an FHA-secured loan. If your house loan is FHA insured, that means that the loan has been secured by the FHA, which is underneath the United States Department of Housing and Urban Development (HUD). The FHA does not loan capital to borrowers, rather, it provides lenders with safety through mortgage insurance in case the borrower does not pay his or her loan obligations. Available to all consumers, FHA loan programs are built to help credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are incredibly beneficial to those buyers with less available cash. |