Need an appraisal for an FHA-backed mortgage? Call Lamplight Appraisal Services

Rest assured that Lamplight Appraisal Services is an FHA-approved appraisal service in IN. If you have an FHA-mortgage, be sure to contact Lamplight Appraisal Services, as we are approved and qualified to handle FHA reports. We're trained and understand the rules and procedures in FHA's guidance and policy documents.

The FHA is the Federal Housing Administration, which is a federal organization in the United States Department of Housing and Urban Development (HUD) - if your financial transaction is an FHA loan, it means it is backed by them. The lending company provides all the money in the loan; the FHA simply secures the loan through mortgage insurance in case the borrower does not pay off his or her loan. Available to all homebuyers, FHA loan programs are built to help credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.

The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. The loan programs that the FHA offers are excessively useful to purchasers with less starting capital.