Need an appraisal for an FHA-backed mortgage? Call Daniel Todd Appraisal Services, LLCThe FHA publishes a list of approved appraisers for each state - Daniel Todd Appraisal Services, LLC is on the roster of approved appraisers for IN. This means that we are qualified and approved by the FHA to do appraisal reports for home loans backed by them. Part of the continuing training our staff at Daniel Todd Appraisal Services, LLC completes deals strictly with understanding the FHA's documentation and their rules and procedures. Be sure to contact Daniel Todd Appraisal Services, LLC if you need an appraisal done for an FHA-secured loan. The FHA is the Federal Housing Administration, which is a federal organization in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA loan, it means it is insured by them. The lending company takes care of all the money in the loan; the FHA simply backs the transaction through mortgage insurance in case the borrower defaults on his or her loan. Applicable to all buyers, FHA loan programs are built to aid credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans. Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. Consumers with lesser income or less starting funds to put down on a financial transaction benefit the most from FHA loan programs. |