Sauter and AssociatesThe FHA publishes a list of approved appraisers for each state - Sauter and Associates is on the roster of approved appraisers for IN. This means that we are certified and approved by the FHA to do appraisals for house loans insured by them. A portion of the periodic training our staff at Sauter and Associates completes deals exclusively with decoding the FHA's documentation and their rules and procedures. Be sure to contact Sauter and Associates if you need an appraisal done for an FHA-secured loan. An FHA loan is secured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The lender provides all the loaned money; the FHA simply secures the transaction through mortgage insurance in case the borrower defaults on his or her loan. The FHA and their loan programs are formed to aid low-to-moderate income consumers help meet credit requirements if they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. Consumers with lesser income or less starting funds to put down on a loan benefit the most from Federal Housing Administration loan programs. |