Need an appraisal for an FHA-backed mortgage? Call Approved Appraisals of Indiana
Rest assured that Approved Appraisals of Indiana is an FHA-approved appraisal provider in IN. If you have an FHA-insured loan, be sure to hire Approved Appraisals of Indiana, as we are approved and qualified to produce FHA appraisals. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Approved Appraisals of Indiana is well-trained on how to follow the rules and regulations provided.
If you're in need of an appraisal for an FHA loan, please contact us, and we'll be able to help you right away.
If your home loan is FHA insured, that means that the loan has been secured by the FHA, which is underneath the United States Department of Housing and Urban Development (HUD). The FHA does not loan money to borrowers, rather, it provides lenders with security by offering mortgage insurance in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are formed to help low-to-moderate income purchasers help meet credit expectations if they otherwise would not.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. The loan programs that the Federal Housing Administration provides are excessively beneficial to consumers with less starting income.