Need an appraisal for an FHA-backed mortgage? Call TyCar PropertiesThe FHA publishes a list of approved appraisers for each state - TyCar Properties is on the roster of approved appraisers for IL. We're certified and approved to do reports for FHA secured loans. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at TyCar Properties is well-trained on how to follow the rules and regulations provided. If you need an appraisal for an FHA loan, please contact us, and we'll be able to help you right away. If your loan is FHA insured, that means that it has been secured by the Federal Housing Administration, which is underneath the United States Department of Housing and Urban Development (HUD). No part of the loan is provided by the FHA; what the FHA does is ensure that the loan is taken care of in case the borrower defaults on his or her loan obligations. Low-income and moderate-income homebuyers benefit from an FHA-backed loan; the purpose of the Federal Housing Administration is to help credit-worthy potential buyers to meet expectations and requirements for lending organizations that they otherwise would not. Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. FHA loan programs are particularly beneficial to those purchasers with less accumulated starting capital. |