is Indiana state certified and on the FHA Roster of approved residential appraisers.
We are certified and approved to do appraisal reports for FHA insured loans.
A portion of the ongoing training our staff at Heartland Appraisal Services completes deals exclusively with comprehending the FHA's documentation and their rules and procedures.
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If you're in need of an appraisal for an FHA loan, please contact us, and we'll be able to help you right away. |
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An FHA loan is backed by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD).
No part of the loan is provided by the FHA. What the FHA does is see to it that the mortgage is secure in case the borrower defaults on his or her loan obligations.
The FHA and their loan programs are created to help low-to-moderate income homebuyers by easing credit qualifications.
Remember that the lending organization working with the the Federal Housing Administration is allowed to select which appraisers they will use, unlike the VA appraisal panel.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.
FHA loan programs are extremely useful to those purchasers with less accumulated starting capital.