Need an appraisal for an FHA-backed mortgage? Call Kristy Niemerg

The FHA maintains of approved appraisers for each state - Kristy Niemerg is on the roster of approved appraisers for IL. If you have an FHA-insured mortgage, be sure to call Kristy Niemerg, as we are approved and qualified to handle FHA appraisal reports. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Kristy Niemerg is well-trained on how to comply with the rules and regulations provided.

An FHA loan is secured by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan money to borrowers, rather, it provides lending organizations with security with mortgage insurance in case the borrower does not pay his or her loan obligations. Low-income and moderate-income consumers benefit from an FHA-secured financial transaction; the purpose of the Federal Housing Administration is to assist credit-worthy consumers to meet expectations and necessities 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. Those with lower income or less starting funds to use as a down-payment on a mortgage are helped the most from FHA loan programs.