Gregory Grafton is your FHA certified appraisal companyRest assured that Gregory Grafton is an FHA-certified appraisal company in IL. This indicates that we are certified and approved by the FHA to do appraisal reports for house loans backed by them. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Gregory Grafton is well-trained on how to comply with the rules and regulations provided. Be sure to contact Gregory Grafton 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 loan is an FHA loan, it means it is insured by them. The lending company provides all the money in the loan; the FHA simply insures the transaction through mortgage insurance in case the borrower does not pay off his or her loan. Applicable to all purchasers, FHA loan programs are created to aid credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are particularly helpful to those buyers with less accessible funding. |