Need an appraisal for an FHA-backed mortgage? Call Harmon Appraisal & Consulting, LLCHarmon Appraisal & Consulting, LLC is Arkansas 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 backed by them. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Harmon Appraisal & Consulting, LLC is well-trained on how to work in accordance with the rules and regulations provided.
An FHA loan is insured 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 see to it that the loan is taken care of in case the borrower doesn't pay their loan. Accessible to all purchasers, FHA loan programs are designed to assist credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans. Remember, the FHA is different from the VA appraiser panel in that the lending organization can pick the appraiser. 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 beneficial to purchasers with less starting income. |
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