Lundquist Appraisals & Real Estate Services can do FHA workRest assured that Lundquist Appraisals & Real Estate Services is an FHA-approved appraisal provider in IN. If you have an FHA-secured loan, be sure to call Lundquist Appraisals & Real Estate Services, as we are approved and certified to perform FHA appraisals. A certain amount of the regular training our staff at Lundquist Appraisals & Real Estate Services completes deals exclusively with decoding the FHA's documentation and their rules and procedures. Contact us today if you need to get an appraisal done on an FHA-insured loan. 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-insured loan, it means it is underwritten by them. The lender takes care of all the finances; the FHA simply secures the loan through mortgage insurance in case the borrower defaults on his or her loan. Available to all homebuyers, FHA loan programs are formed to aid credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. The loan programs that the FHA offers are acutely useful to consumers with less starting capital. |