is Indiana state certified and on the FHA Roster of approved residential appraisers.
This indicates that we are certified and approved by the FHA to do appraisals for property loans insured by them.
We're trained and understand the rules and procedures in FHA's guidance and policy documents.
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 loan is an FHA loan, it means it is backed by them.
The FHA does not provide funds to borrowers. Rather, it provides lending organizations with protection with mortgage insurance in case the borrower does not pay his or her loan obligations.
The FHA and their loan programs are designed to benefit low-to-moderate income homebuyers by easing credit qualifications.
Different from the VA appraiser panel, the lending organization working with Federal Housing Administration has the freedom to choose the appraiser.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.
The loan programs that the FHA provides are invaluable to buyers with minimal starting income.