Need an appraisal for an FHA-backed mortgage? Call Frank L. Hagan Appraisals IncThe FHA retains of approved appraisers for each state - Frank L. Hagan Appraisals Inc is on the roster of approved appraisers for Indiana. If you have an FHA-mortgage, be sure to hire Frank L. Hagan Appraisals Inc, as we are approved and certified to perform FHA appraisals. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Frank L. Hagan Appraisals Inc is well-trained on how to work in accordance with the rules and regulations provided. If you need an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away. If your home loan is FHA insured, that means that it has been secured by the Federal Housing Administration, which is part of the United States Department of Housing and Urban Development (HUD). No part of the loan is provided by the FHA; what the FHA does is make sure that the mortgage is taken care of in case the borrower doesn't pay their loan. Low-income and moderate-income consumers benefit from an FHA-insured loan; the point of the Federal Housing Administration is to cooperate with credit-worthy potential buyers to meet expectations and necessities for lending organizations that they otherwise would not. Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. Purchasers with lower income or less starting funds to put down on a mortgage are helped the most from Federal Housing Administration loan programs. |