The FHA retains a roster of approved appraisers for each state - Bluegate Appraisal Services is on the roster of approved appraisers for Indiana.
Bluegate Appraisal Services is qualified and approved to do appraisal reports for FHA insured loans.
Part of the ongoing training our staff at Bluegate Appraisal Services completes deals exclusively with comprehending the FHA's documentation and their rules and procedures.
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If you need an appraisal 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).
No part of the loan is provided by the FHA. What the FHA does is see to it that the mortgage is taken care of in case the borrower defaults on his or her loan obligations.
The FHA and their loan programs are built to benefit low-to-moderate income purchasers by easing credit requirements.
Remember, the FHA is different from the VA appraiser panel in that the lender can pick 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 Federal Housing Administration offers are lifesavers to purchasers with minimal starting capital.