Need an appraisal for an FHA-backed mortgage? Call H3 AppraisalH3 Appraisal is AR state certified and on the FHA Roster of approved residential appraisers. This indicates that we are qualified and approved by the FHA to do reports for property loans backed by them. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at H3 Appraisal is well-trained on how to work in accordance with the rules and regulations provided. Be sure to contact H3 Appraisal if you need an appraisal done for an FHA-secured loan. An FHA loan is backed by the Federal Housing Administration, a federal organization that is a part of the U.S. Department of Housing and Urban Development (HUD). None of the funds are provided by the FHA; what the FHA does is ensure that the mortgage is insured in case the borrower defaults on his or her loan obligations. Low-income and moderate-income consumers benefit from an FHA-backed loan; the point of the Federal Housing Administration is to assist credit-worthy buyers to meet expectations and qualifications 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 FHA provides are extremely useful to buyers with less starting income. |