Need an appraisal for an FHA-backed mortgage? Call Libertyville Savings BankWe assure you that Libertyville Savings Bank is an FHA-approved appraisal provider in IA. If you have an FHA-loan, be sure to get with Libertyville Savings Bank, as we are approved and certified to handle FHA reports. A portion of the ongoing training our staff at Libertyville Savings Bank completes deals strictly with decoding the FHA's documentation and their rules and procedures. Be sure to contact Libertyville Savings Bank if you need an appraisal done for an FHA-secured loan. The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD) - if your financial transaction is an FHA-secured loan, it means it is insured by them. The lending company provides all the loaned money; the FHA simply insures the loan through mortgage insurance in case the borrower defaults on his or her loan. Low-income and moderate-income consumers benefit from an FHA-backed loan; the purpose of the Federal Housing Administration is to assist credit-worthy consumers to meet expectations and requirements for lenders that they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are incredibly helpful to those homebuyers with less accumulated starting capital. |