We confidently state that Dattilo Appraisal & Realty Services is an FHA-approved appraisal company in Indiana.
If you have an FHA-secured loan, be sure to hire Dattilo Appraisal & Realty Services, as we are approved and certified to perform FHA appraisal reports.
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 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 ensure that the mortgage is paid for in case the borrower doesn't pay their loan.
Accessible to all homebuyers, FHA loan programs are created to assist credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
Remember, the FHA differs from the VA appraiser panel in that the lending agency can choose the appraiser.
Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates.
Buyers with lesser incomes or less starting money to put down on a mortgage are assisted the most from Federal Housing Administration loan programs.