Need an appraisal for an FHA-backed mortgage? Call Arkansas River Valley AppraisalsThe FHA maintains of approved appraisers for each state - Arkansas River Valley Appraisals is on the roster of approved appraisers for AR. If you have an FHA-loan, be sure to contact Arkansas River Valley Appraisals, as we are approved and certified to produce FHA reports. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Arkansas River Valley Appraisals is well-trained on how to follow the rules and regulations provided. If you're in need of an report for an FHA loan, please contact us, and we'll be able to help you right away. The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA loan, it means it is secured by them. The FHA does not loan capital to borrowers, rather, it provides lending organizations with security with mortgage insurance in case the borrower defaults on his or her financial obligations. Low-income and moderate-income homebuyers benefit from an FHA-secured financial transaction; the point of the Federal Housing Administration is to help credit-worthy buyers to meet expectations and requirements for lending organizations that 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. The loan programs that the Federal Housing Administration offers are extremely helpful to buyers with less starting capital. |