Pierce Appraisal, Inc.

Pierce Appraisal, Inc. is IN state certified and on the FHA Roster of approved residential appraisers. Pierce Appraisal, Inc. is certified and approved to do appraisal reports for FHA insured loans. Part of the continuing training our staff at Pierce Appraisal, Inc. undergoes deals exclusively with decoding the FHA's documentation and their rules and procedures.

If your loan is FHA insured, that means that the loan has been guaranteed by the Federal Housing Administration, which is a branch of the United States Department of Housing and Urban Development (HUD). The FHA does not loan capital to borrowers, rather, it provides lending organizations with security through mortgage insurance in case the borrower does not pay his or her loan obligations. The FHA and their loan programs are formed to benefit low-to-moderate income homebuyers help meet credit requirements if they otherwise would not.

Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. Purchasers with lower income or less starting money to use as a down-payment on a financial transaction are assisted the most from Federal Housing Administration loan programs.