Scheller and Associates, Inc. is ready for your FHA mortgages
We are happy to say that Scheller and Associates, Inc. is an FHA-approved appraisal service in Indiana.
If you have an FHA-secured mortgage, be sure to call Scheller and Associates, Inc., as we are approved and certified to produce FHA reports.
A portion of the periodic training our staff at Scheller and Associates, Inc. completes deals precisely with comprehending the FHA's documentation and their rules and procedures.
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If you're in need of 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 secured by the Federal Housing Administration, a federal organization that is a part of the U.S. Department of Housing and Urban Development (HUD).
None of the funds are provided by the FHA. What the FHA does is make sure that the loan is taken care of in case the borrower defaults on his or her loan obligations.
Applicable to all homebuyers, FHA loan programs are created to help credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.
Different from the VA appraiser panel, the lending organization working with Federal Housing Administration is allowed to choose the appraiser.
Down payments are often lower with an FHA loan despite using conventional market rates.
Consumers with lower incomes or less starting funds to use as a down-payment on a loan are assisted the most from FHA loan programs.
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