True Footage is your FHA certified appraisal companyRest assured that True Footage is an FHA-approved appraisal company in IL. We are certified and approved to do reports for FHA secured loans. A portion of the continuing training our staff at True Footage receives deals strictly with understanding the FHA's documentation and their rules and procedures. Be sure to contact True Footage if you need an appraisal done for an FHA-secured loan. If your home loan is FHA approved, that means that it has been guaranteed by the FHA, which is a branch of the United States Department of Housing and Urban Development (HUD). The FHA does not provide funds to borrowers, rather, it provides lenders with safety by offering mortgage insurance in case the borrower does not pay his or her loan obligations. Accessible to all buyers, FHA loan programs are built to help 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. The loan programs that the Federal Housing Administration provides are incredibly beneficial to consumers with less starting capital. |