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 reports for house loans backed by them.
Part of the ongoing training our staff at Meador Group, Inc receives deals strictly with comprehending the FHA's documentation and their rules and procedures.
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If you're in need of an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away. |
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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-secured loan, it means it is underwritten by them.
None of the funds are provided by the FHA. What the FHA does is make sure that the mortgage is insured in case the borrower doesn't pay their loan.
Low-income and moderate-income borrowers benefit the most from FHA-insured loan programs. The purpose of the Federal Housing Administration is to aid credit-worthy buyers get approved for mortgages that they otherwise would not.
Remember, the FHA deviates from the VA appraiser panel in that the lender can pick the appraisal company.
Down payments are often lower with an FHA loan despite using conventional market rates.
FHA loan programs are particularly helpful to those purchasers with less accumulated cash.