Nordheim Appraisal IncNordheim Appraisal Inc is IL state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-mortgage, be sure to get with Nordheim Appraisal Inc, as we are approved and certified to produce FHA reports. A portion of the continuing training our staff at Nordheim Appraisal Inc receives deals exclusively with understanding the FHA's documentation and their rules and procedures. Be sure to contact Nordheim Appraisal Inc if you need an appraisal done for an FHA-secured loan. The FHA is the Federal Housing Administration, which is a federal organization in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA loan, it means it is backed by them. No part of the loan is provided by the FHA; what the FHA does is ensure that the loan is paid for in case the borrower doesn't pay their loan. Low-income and moderate-income borrowers benefit from an FHA-secured financial transaction; the purpose of the Federal Housing Administration is to assist credit-worthy consumers to meet expectations and requirements for lending organizations that they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are particularly helpful to those consumers with less available funding. |