![]() Need an appraisal for an FHA-backed mortgage? Call Jonathan YoungWe confidently state that Jonathan Young is an FHA-approved appraisal firm in IN. If you have an FHA-insured loan, be sure to hire Jonathan Young, as we are approved and qualified to perform FHA appraisals. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Be sure to contact Jonathan Young if you need an appraisal done for an FHA-secured loan. An FHA loan is secured by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan funds to borrowers, rather, it provides lending organizations with security with mortgage insurance in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are built to benefit low-to-moderate income consumers help meet credit qualifications if they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. Purchasers with lower income or less starting funds to use as a down-payment on a loan benefit the most from Federal Housing Administration loan programs. |