is Indiana state certified and on the FHA Roster of approved residential appraisers.
This means that we are qualified and approved by the FHA to do appraisal reports for house loans underwritten by them.
A certain amount of the continuing training our staff at Sycamore Realty Group, Inc. completes deals strictly with decoding the FHA's documentation and their rules and procedures.
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If you need an appraisal report 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 insured by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD).
None of the funds are provided by the FHA. What the FHA does is ensure that the loan is insured 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 purchasers by easing credit requirements.
Remember, the FHA is different from the VA appraiser panel in that the lending organization can select the appraisal company.
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 offers are extremely useful to buyers with less starting income.