Need an appraisal for an FHA-backed mortgage? Call Rhiannon Baker

Rest assured that Rhiannon Baker is an FHA-approved appraisal service in IL. We are certified and approved to do appraisal reports for FHA secured loans. We're trained and understand the rules and procedures in FHA's guidance and policy documents.

Be sure to contact Rhiannon Baker if you need an appraisal done for an FHA-secured loan.

If your property loan is FHA approved, that means that the loan has been secured by the Federal Housing Administration, which is part of 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 mortgage is secure in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are designed to benefit low-to-moderate income homebuyers help meet credit requirements if 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. Buyers with lesser income or less starting money to use as a down-payment on a mortgage are assisted the most from FHA loan programs.