Need an appraisal for an FHA-backed mortgage? Call WestArk AppraisalsThe FHA retains of approved appraisers for each state - WestArk Appraisals is on the roster of approved appraisers for AR. This means that we are certified and approved by the FHA to do appraisal reports for property loans underwritten by them. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at WestArk Appraisals is well-trained on how to work in accordance with the rules and regulations provided. Be sure to contact WestArk Appraisals if you need an appraisal done for an FHA-secured loan. If your home loan is FHA certified, that means that it has been guaranteed by the FHA, which is underneath the United States Department of Housing and Urban Development (HUD). The FHA does not loan capital to borrowers, rather, it provides lenders with protection with mortgage insurance in case the borrower does not pay his or her loan obligations. Low-income and moderate-income homebuyers benefit from an FHA-insured loan; the point of the Federal Housing Administration is to aid credit-worthy consumers 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. FHA loan programs are incredibly useful to those homebuyers with less available cash. |