Lundquist Appraisals & Real Estate Services is your FHA certified appraisal companyRest 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 contact Lundquist Appraisals & Real Estate Services, as we are approved and certified to perform FHA reports. A certain amount of the continuing training our staff at Lundquist Appraisals & Real Estate Services undergoes deals precisely with comprehending the FHA's documentation and their rules and procedures. Be sure to contact Lundquist Appraisals & Real Estate Services if you need an appraisal done for an FHA-secured loan. 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-insured loan, it means it is backed by them. The lending company takes care of all the loaned money; the FHA simply secures the loan by providing mortgage insurance in case the borrower defaults on his or her loan. Low-income and moderate-income borrowers benefit from an FHA-backed financial transaction; the point of the Federal Housing Administration is to cooperate with credit-worthy buyers to meet expectations and necessities for lending agencies that they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Those with lower income or less starting funds to use as a down-payment on a loan are helped the most from FHA loan programs. |