Gloria Ostrowski Appraisals, Inc. can do FHA backed loans

Rest assured that Gloria Ostrowski Appraisals, Inc. is an FHA-certified appraisal service in IN. We're certified and approved to do reports for FHA insured loans. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Gloria Ostrowski Appraisals, Inc. is well-trained on how to comply with the rules and regulations provided.

If your house loan is FHA certified, that means that it has been guaranteed by the Federal Housing Administration, which is underneath the United States Department of Housing and Urban Development (HUD). The FHA does not loan funds to borrowers, rather, it provides lending agencies with safety with mortgage insurance in case the borrower does not pay his or her financial obligations. Applicable to all homebuyers, FHA loan programs are formed to help credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.

Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. Those with lesser income or less starting capital to use as a down-payment on a mortgage are assisted the most from FHA loan programs.