We are happy to say that Newlin-Johnson Co. Inc. is an FHA-approved appraisal company in Indiana.
This means that we are qualified and approved by the FHA to do reports for house loans underwritten by them.
We're trained and understand the rules and procedures in FHA's guidance and policy documents.
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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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An FHA loan is insured by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD).
The lender provides all the financing - the FHA simply secures the transaction through mortgage insurance in case the borrower defaults on his or her loan.
Low-income and moderate-income consumers benefit the most from FHA-backed loan programs. The point of the Federal Housing Administration is to help credit-worthy consumers get approved for mortgages that they otherwise would not.
Remember, the FHA is different from the VA appraiser panel in that the lending organization can choose the appraiser.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.
FHA loan programs are incredibly useful to those consumers with less accessible starting capital.