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Need an appraisal for an FHA-backed mortgage? Call Mary Kay Moloney

Rest assured that Mary Kay Moloney is an FHA-certified appraisal provider in Illinois.  If you have an FHA-insured loan, be sure to call Mary Kay Moloney, as we are approved and qualified to perform FHA appraisals. A portion of the periodic training our staff at Mary Kay Moloney undergoes deals strictly with understanding the FHA's documentation and their rules and procedures.

Contact us today if you need to get an appraisal done on an FHA-insured loan.

The FHA is the Federal Housing Administration, which is a federal organization in the United States Department of Housing and Urban Development (HUD); if your loan is an FHA-secured loan, it means it is insured by them. The FHA does not loan capital to borrowers. Rather, it provides lenders with security through mortgage insurance in case the borrower does not pay his or her loan obligations. Available to all homebuyers, FHA loan programs are made to assist credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans. Remember, the FHA differs from the VA appraiser panel in that the lender can pick the appraiser.

The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Consumers with lesser incomes or less starting money to use as a down-payment on a financial transaction benefit the most from Federal Housing Administration loan programs.