is Indiana state certified and on the FHA Roster of approved residential appraisers.
This means that we are certified and approved by the FHA to do appraisals for home loans insured by them.
FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Lundquist Appraisals & Real Estate Services is well-trained on how to comply with the rules and regulations provided.
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If you need an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away. |
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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 loan, it means it is underwritten by them.
None of the money in the loan is provided by the FHA. What the FHA does is make sure that the loan is taken care of in case the borrower defaults on his or her loan obligations.
Accessible to all buyers, FHA loan programs are built to help credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
Remember, the FHA is different from the VA appraiser panel in that the lender can select the appraiser.
Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates.
Buyers with lower incomes or less starting capital to put down on a loan are assisted the most from Federal Housing Administration loan programs.