Need an appraisal for an FHA-backed mortgage? Call Chicagoland Valuation Group Inc.

We are happy to say that Chicagoland Valuation Group Inc. is an FHA-approved appraisal provider in IL. If you have an FHA-loan, be sure to hire Chicagoland Valuation Group Inc., as we are approved and certified to handle FHA appraisals. A certain amount of the periodic training our staff at Chicagoland Valuation Group Inc. undergoes deals strictly with understanding the FHA's documentation and their rules and procedures.

If your property loan is FHA approved, that means that it has been secured by the FHA, which is underneath the United States Department of Housing and Urban Development (HUD). The lender takes care of all the money in the loan; the FHA simply backs the loan by providing mortgage insurance in case the borrower does not pay off his or her loan. Low-income and moderate-income consumers benefit from an FHA-backed financial transaction; the purpose of the Federal Housing Administration is to assist credit-worthy consumers to meet expectations and necessities for lending agencies that they otherwise would not.

Down payments are often lower with an FHA loan despite using conventional market rates. The loan programs that the FHA offers are extremely useful to consumers with less starting capital.