Need an appraisal for an FHA-backed mortgage? Call Online AppraisalsThe FHA keeps a roster of approved appraisers for each state - Online Appraisals is on the roster of approved appraisers for IN. This indicates that we are qualified and approved by the FHA to do appraisals for property loans underwritten by them. A certain amount of the regular training our staff at Online Appraisals completes deals strictly with comprehending the FHA's documentation and their rules and procedures. Be sure to contact Online Appraisals if you need an appraisal done for an FHA-secured loan. 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 financial transaction is an FHA loan, it means it is backed by them. The lending company provides all the money in the loan; the FHA simply backs the loan by providing mortgage insurance in case the borrower defaults on his or her loan. The FHA and their loan programs are created to assist low-to-moderate income consumers help meet credit requirements if they otherwise would not. 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 exceedingly helpful to consumers with less starting income. |