Need an appraisal for an FHA-backed mortgage? Call Approved Appraisals of Indiana
The FHA publishes a list of approved appraisers for each state - Approved Appraisals of Indiana is on the roster of approved appraisers for IN. If you have an FHA-secured loan, be sure to contact Approved Appraisals of Indiana, as we are approved and qualified to perform FHA appraisals. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Approved Appraisals of Indiana is well-trained on how to comply with the rules and regulations provided.
If you're in need of an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away.
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 loan, it means it is backed by them. The FHA does not loan funds to borrowers, rather, it provides lending organizations with security by offering mortgage insurance in case the borrower defaults on his or her financial obligations. The FHA and their loan programs are formed to benefit low-to-moderate income purchasers help meet credit qualifications if they otherwise would not.
Down payments are often lower with an FHA loan despite using conventional market rates. The loan programs that the Federal Housing Administration provides are excessively helpful to consumers with less starting income.