Need an appraisal for an FHA-backed mortgage? Call Metropolitan Valuation Services, Inc.
Metropolitan Valuation Services, Inc. is IL state certified and on the FHA Roster of approved residential appraisers. Metropolitan Valuation Services, Inc. is qualified and approved to do appraisal reports for FHA insured loans. A portion of the continuing training our staff at Metropolitan Valuation Services, Inc. undergoes deals exclusively with decoding the FHA's documentation and their rules and procedures.
Be sure to contact Metropolitan Valuation Services, Inc. if you need an appraisal done for an FHA-secured loan.
An FHA loan is insured by the Federal Housing Administration, a federal organization that is a part of the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan funds to borrowers, rather, it provides lending organizations with security through mortgage insurance in case the borrower defaults on his or her financial obligations. Applicable to all buyers, FHA loan programs are formed 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. The loan programs that the Federal Housing Administration offers are excessively beneficial to consumers with less starting capital.