Need an appraisal for an FHA-backed mortgage? Call Red Door Appraisal

The FHA publishes a list of approved appraisers for each state - Red Door Appraisal is on the roster of approved appraisers for IN. We're certified and approved to do appraisals for FHA insured financial transactions. A portion of the continuing training our staff at Red Door Appraisal undergoes deals strictly with comprehending the FHA's documentation and their rules and procedures.

An FHA loan is backed 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 money in the loan is provided by the FHA; what the FHA does is make sure that the loan is paid for in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are designed to help low-to-moderate income purchasers help meet credit expectations if they otherwise would not.

Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are extremely helpful to those homebuyers with less available starting capital.