Dexter Appraisal ServicesDexter Appraisal Services is Indiana state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-insured mortgage, be sure to get with Dexter Appraisal Services, as we are approved and qualified to perform FHA appraisals. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Dexter Appraisal Services is well-trained on how to work in accordance with the rules and regulations provided.
An FHA loan is insured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The FHA does not provide funds to borrowers. Rather, it provides lending organizations with safety with mortgage insurance in case the borrower defaults on his or her loan obligations. Accessible to all purchasers, FHA loan programs are created to help credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans. Remember, the FHA differs from the VA appraiser panel in that the lending agency can pick the appraisal company.Down payments are often lower with an FHA loan despite using conventional market rates. The loan programs that the FHA offers are extremely useful to buyers with minimal starting capital.
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