Del Monte Appraisals, Limited is your FHA certified appraisal companyThe FHA retains of approved appraisers for each state - Del Monte Appraisals, Limited is on the roster of approved appraisers for IL. If you have an FHA-loan, be sure to hire Del Monte Appraisals, Limited, as we are approved and certified to produce FHA reports. A portion of the ongoing training our staff at Del Monte Appraisals, Limited completes deals strictly with understanding the FHA's documentation and their rules and procedures. Be sure to contact Del Monte Appraisals, Limited if you need an appraisal done for an FHA-secured loan. An FHA loan is secured 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 takes care of all the finances; the FHA simply insures the transaction with mortgage insurance in case the borrower defaults on his or her loan. The FHA and their loan programs are created to help low-to-moderate income buyers help meet credit qualifications if they otherwise would not. Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. Consumers with lesser income or less starting funds to put down on a loan are assisted the most from FHA loan programs. |