Need an appraisal for an FHA-backed mortgage? Call Lundquist Appraisals & Real Estate Services
The FHA retains 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-mortgage, be sure to contact Lundquist Appraisals & Real Estate Services, as we are approved and certified to produce FHA appraisals. A certain amount of the continuing training our staff at Lundquist Appraisals & Real Estate Services completes 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.
If your home loan is FHA insured, that means that it has been secured by the Federal Housing Administration, which is a branch of the United States Department of Housing and Urban Development (HUD). The lending company provides all the finances; the FHA simply backs the transaction with mortgage insurance in case the borrower defaults on his or her loan. Low-income and moderate-income borrowers benefit from an FHA-secured loan; the point of the Federal Housing Administration is to assist credit-worthy potential buyers to meet expectations and necessities for lending organizations that they otherwise would not.
Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are particularly helpful to those buyers with less accessible starting capital.