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

Rest assured that Lundquist Appraisals & Real Estate Services is an FHA-approved appraisal service in IN. If you have an FHA-secured mortgage, be sure to hire Lundquist Appraisals & Real Estate Services, as we are approved and certified to perform FHA appraisals. 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 work in accordance with the rules and regulations provided.

The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA-secured 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 ensure that the mortgage is insured in case the borrower defaults on his or her loan obligations. Low-income and moderate-income homebuyers benefit from an FHA-secured loan; the purpose of the Federal Housing Administration is to assist credit-worthy consumers to meet expectations and necessities for lenders that they otherwise would not.

The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Consumers with lesser income or less starting funds to use as a down-payment on a financial transaction benefit the most from FHA loan programs.