Diewald Appraisal Group is approved for FHA appraisals

Diewald Appraisal Group is IL state certified and on the FHA Roster of approved residential appraisers. We are certified and approved to do appraisals for FHA insured loans. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Diewald Appraisal Group is well-trained on how to comply with the rules and regulations provided.

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 financial transaction is an FHA-insured loan, it means it is insured by them. No part of the loan is provided by the FHA; what the FHA does is make sure that the loan is taken care of in case the borrower doesn't pay their loan. Low-income and moderate-income borrowers benefit from an FHA-secured loan; the purpose of the Federal Housing Administration is to help credit-worthy consumers to meet expectations and necessities for lenders that 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. FHA loan programs are particularly useful to those buyers with less available starting capital.