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Cheaney Appraisal Service is approved for FHA backed loans

Cheaney Appraisal Service is IN state certified and on the FHA Roster of approved residential appraisers. This indicates that we are certified and approved by the FHA to do appraisal reports for home loans underwritten by them. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Cheaney Appraisal Service is well-trained on how to comply with the rules and regulations provided.

Be sure to contact Cheaney Appraisal Service if you need an appraisal done for an FHA-secured loan.

If your financial transaction is FHA approved, that means that it has been guaranteed by the Federal Housing Administration, which is part of the United States Department of Housing and Urban Development (HUD). The FHA does not loan funds to borrowers, rather, it provides lenders with safety with mortgage insurance in case the borrower does not pay his or her financial obligations. Available to all buyers, FHA loan programs are created to aid credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.

Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are incredibly useful to those consumers with less accessible funding.