Need an appraisal for an FHA-backed mortgage? Call Bergren Appraisal, Inc.We assure you that Bergren Appraisal, Inc. is an FHA-approved appraisal company in IL. If you have an FHA-mortgage, be sure to call Bergren Appraisal, Inc., as we are approved and certified to produce FHA appraisals. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Bergren Appraisal, Inc. is well-trained on how to follow the rules and regulations provided. 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 lending organization provides all the finances; the FHA simply backs the loan with mortgage insurance in case the borrower defaults on his or her loan. The FHA and their loan programs are created to aid low-to-moderate income consumers help meet credit expectations if they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are incredibly beneficial to those homebuyers with less accumulated funding. |