Lundquist Appraisals & Real Estate Services can do FHA appraisals
Lundquist Appraisals & Real Estate Services is IN state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-loan, 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 understand, but the staff at Lundquist Appraisals & Real Estate Services is well-trained on how to follow the rules and regulations provided.
If you're in need of an report for an FHA loan, please contact us, and we'll be able to help you right away.
If your financial transaction is FHA insured, that means that the loan has been guaranteed by the Federal Housing Administration, which is underneath the United States Department of Housing and Urban Development (HUD). The FHA does not provide funds to borrowers, rather, it provides lending organizations with safety through mortgage insurance in case the borrower does not pay his or her loan obligations. Low-income and moderate-income consumers benefit from an FHA-insured financial transaction; the point of the Federal Housing Administration is to assist credit-worthy buyers to meet expectations and necessities for lenders that they otherwise would not.
Down payments are often lower with an FHA loan despite using conventional market rates. The loan programs that the FHA provides are acutely beneficial to purchasers with less starting capital.