Need an appraisal for an FHA-backed mortgage? Call Approved Appraisals of Indiana
The FHA maintains of approved appraisers for each state - Approved Appraisals of Indiana is on the roster of approved appraisers for IN. This indicates that we are certified and approved by the FHA to do appraisal reports for home loans underwritten by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents.
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 financial transaction is an FHA-secured loan, it means it is backed by them. None of the funds are provided by the FHA; what the FHA does is ensure that the mortgage is insured in case the borrower doesn't pay their loan. The FHA and their loan programs are created to help low-to-moderate income consumers help meet credit requirements 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 acutely beneficial to purchasers with less starting capital.