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618 Appraisal Service, LLC is your FHA certified appraisal company

The FHA keeps a roster of approved appraisers for each state - 618 Appraisal Service, LLC is on the roster of approved appraisers for IL. I am qualified and approved to do appraisal reports for FHA insured loans. I am trained and understand the rules and procedures in FHA's guidance and policy documents.

Be sure to contact 618 Appraisal Service, LLC if you need an appraisal done for an FHA-secured loan.

An FHA loan is underwritten by the Federal Housing Administration, a federal organization that is a part of the U.S. Department of Housing and Urban Development (HUD). The lender provides all the loaned money; the FHA simply insures the loan by providing mortgage insurance in case the borrower does not pay off his or her loan. Accessible to all consumers, FHA loan programs are made to assist credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.

Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. Consumers with lower income or less starting money to put down on a loan benefit the most from FHA loan programs.