Need an appraisal for an FHA-backed mortgage? Call Lundquist Appraisals & Real Estate ServicesThe FHA keeps a roster of approved appraisers for each state - Lundquist Appraisals & Real Estate Services is on the roster of approved appraisers for IN. If you have an FHA-insured mortgage, be sure to call Lundquist Appraisals & Real Estate Services, as we are approved and certified to produce FHA reports. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Lundquist Appraisals & Real Estate Services is well-trained on how to work in accordance with the rules and regulations provided. 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 organization in the United States Department of Housing and Urban Development (HUD) - if your financial transaction is an FHA-secured loan, it means it is insured by them. The lending organization provides all the money in the loan; the FHA simply insures the transaction by providing mortgage insurance in case the borrower defaults on his or her loan. Low-income and moderate-income borrowers benefit from an FHA-secured financial transaction; the point of the Federal Housing Administration is to assist credit-worthy potential buyers to meet expectations and qualifications for lenders that they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. Purchasers with lesser income or less starting capital to use as a down-payment on a mortgage benefit the most from FHA loan programs. |