Kues Bros. Appraisals Ltd. can do FHA loansKues Bros. Appraisals Ltd. is IL state certified and on the FHA Roster of approved residential appraisers. We are certified and approved to do reports for FHA secured financial transactions. Part of the periodic training our staff at Kues Bros. Appraisals Ltd. receives deals precisely with decoding the FHA's documentation and their rules and procedures. Contact us today if you need to get an appraisal done on an FHA-insured loan. An FHA loan is backed by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD). The lender provides all the loaned money; the FHA simply insures the transaction by providing mortgage insurance in case the borrower defaults on his or her loan. Applicable to all purchasers, FHA loan programs are created to assist credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. The loan programs that the Federal Housing Administration offers are excessively useful to purchasers with less starting capital. |