Blackstone Realty & Appraisals, Inc. can do FHA appraisalsWe confidently state that Blackstone Realty & Appraisals, Inc. is an FHA-approved appraisal provider in IL. Blackstone Realty & Appraisals, Inc. is qualified and approved to do appraisal reports for FHA insured financial transactions. We're trained and understand the rules and procedures in FHA's guidance and policy documents. If you're in need of an report for an FHA loan, please contact us, and we'll be able to help you right away. If your financial transaction is FHA approved, that means that it has been secured by the FHA, which is a branch of the United States Department of Housing and Urban Development (HUD). The lending company takes care of all the money in the loan; the FHA simply insures the loan through mortgage insurance in case the borrower defaults on his or her loan. Low-income and moderate-income borrowers benefit from an FHA-secured loan; the purpose of the Federal Housing Administration is to aid credit-worthy buyers to meet expectations and qualifications for lenders that they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Purchasers with lesser income or less starting capital to use as a down-payment on a loan are assisted the most from FHA loan programs. |