Pearson & Associates, Inc is FHA APPROVED!
Pearson & Associates, Inc., is Illinois state certified and on the FHA Roster of approved residential appraisers. This means that we are qualified and approved by the FHA to do appraisal reports for home loans backed by them. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Pearson & Associates, Inc is well-trained on how to follow the rules and regulations provided.
An FHA loan is underwritten by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD). The lender takes care of all the funds being borrowed - the FHA simply insures the loan through mortgage insurance in case the borrower defaults on his or her loan. Available to all buyers, FHA loan programs are designed to assist credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.The loan programs that the Federal Housing Administration offers are extremely beneficial to buyers with less starting capital.