Need an appraisal for an FHA-backed mortgage? Call Lundquist Appraisals & Real Estate Services

We assure you that Lundquist Appraisals & Real Estate Services is an FHA-certified appraisal service in IN. We're qualified and approved to do reports for FHA secured loans. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Lundquist Appraisals & Real Estate Services is well-trained on how to follow the rules and regulations provided.

If your property loan is FHA certified, that means that it has been secured by the FHA, which is underneath the United States Department of Housing and Urban Development (HUD). None of the funds are provided by the FHA; what the FHA does is make sure that the mortgage is taken care of in case the borrower defaults on his or her loan obligations. Low-income and moderate-income homebuyers benefit from an FHA-backed financial transaction; the point of the Federal Housing Administration is to cooperate with credit-worthy potential buyers to meet expectations and requirements for lending organizations that they otherwise would not.

Down payments are often lower with an FHA loan despite using conventional market rates. Those with lesser income or less starting capital to put down on a mortgage are assisted the most from FHA loan programs.