Need an appraisal for an FHA-backed mortgage? Call Bill Brown Appraisals

The FHA keeps a roster of approved appraisers for each state - Bill Brown Appraisals is on the roster of approved appraisers for AR. We're certified and approved to do appraisals for FHA insured financial transactions. A certain amount of the ongoing training our staff at Bill Brown Appraisals undergoes deals precisely with comprehending the FHA's documentation and their rules and procedures.

If your loan is FHA approved, that means that it 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 provide funds to borrowers, rather, it provides lending organizations with protection by offering mortgage insurance in case the borrower defaults on his or her financial obligations. Applicable to all buyers, FHA loan programs are made to aid credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.

The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are extremely useful to those homebuyers with less available cash.