We confidently state that Appraisals by Deb Lewellen is an FHA-approved appraisal company in Indiana.
If you have an FHA-secured loan, be sure to hire Appraisals by Deb Lewellen, as we are approved and certified to perform FHA appraisal reports.
Part of the continuing training our staff at Appraisals by Deb Lewellen completes deals precisely with decoding the FHA's documentation and their rules and procedures.
If your house loan is FHA approved, that means that it has been secured by the FHA, which is underneath the United States Department of Housing and Urban Development (HUD).
The lending organization provides all the financing - the FHA simply backs the transaction with mortgage insurance in case the borrower defaults on his or her loan.
Accessible to all consumers, FHA loan programs are designed to assist credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
Unlike the VA appraiser panel, the lending agency working with FHA actually has the ability to pick the appraiser.
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 extremely helpful to buyers with less starting capital.
