Rest assured that Appraise It is an FHA-certified appraisal provider in Indiana.
If you have an FHA-secured mortgage, be sure to call Appraise It, as we are approved and certified to perform FHA reports.
Part of the regular training our staff at Appraise It completes deals strictly with comprehending the FHA's documentation and their rules and procedures.
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 insured by them.
None of the money in the loan is provided by the FHA. What the FHA does is see to it that the mortgage is insured in case the borrower defaults on his or her loan obligations.
Low-income and moderate-income homebuyers benefit the most from FHA-backed loan programs. The purpose of the Federal Housing Administration is to help credit-worthy buyers get approved for mortgages that they otherwise would not.
Remember, the FHA differs from the VA appraiser panel in that the lending agency can choose the appraisal company.
Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates.
The loan programs that the Federal Housing Administration offers are lifesavers to consumers with minimal starting capital.
