Need an appraisal for an FHA-backed mortgage? Call Masterson Appraisals, Inc.

Masterson Appraisals, Inc. is IL state certified and on the FHA Roster of approved residential appraisers. This means that we are qualified and approved by the FHA to do appraisals for property loans underwritten by them. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Masterson Appraisals, Inc. is well-trained on how to work in accordance with the rules and regulations provided.

If you need an report for an FHA loan, please contact us, and we'll be able to help you right away.

If your home loan is FHA insured, that means that it has been secured by the Federal Housing Administration, which is part of the United States Department of Housing and Urban Development (HUD). The FHA does not loan funds to borrowers, rather, it provides lending organizations with safety through mortgage insurance in case the borrower does not pay his or her loan obligations. The FHA and their loan programs are created to aid low-to-moderate income purchasers help meet credit requirements if they otherwise would not.

Down payments are often lower with an FHA loan despite using conventional market rates. Those with lesser income or less starting funds to use as a down-payment on a mortgage are helped the most from Federal Housing Administration loan programs.