Shane Coughlin can do FHA appraisals

The FHA keeps a roster of approved appraisers for each state - Shane Coughlin is on the roster of approved appraisers for IL. If you have an FHA-secured mortgage, be sure to hire Shane Coughlin, as we are approved and qualified to perform FHA appraisals. Part of the continuing training our staff at Shane Coughlin undergoes deals precisely with comprehending the FHA's documentation and their rules and procedures.

If your house loan is FHA approved, that means that the loan has been guaranteed by the FHA, which is a branch of the United States Department of Housing and Urban Development (HUD). The FHA does not provide funds to borrowers, rather, it provides lending organizations with safety through mortgage insurance in case the borrower does not pay his or her financial obligations. Available to all purchasers, FHA loan programs are designed to help credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.

The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Purchasers with lesser income or less starting money to use as a down-payment on a mortgage benefit the most from FHA loan programs.