FHA Approved

Need an Appraisal for an FHA-backed mortgage? Call Jeff Harris

Jeff Harris is Arkansas state certified and on the FHA Roster of approved residential appraisers.  He is certified and approved to do appraisal reports for FHA secured loans. FHA’s guidelines, documentation and policies may seem difficult to comprehend, but Jeff  is well-trained on how to work in accordance with the rules and regulations provided.

An FHA loan is underwritten by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The FHA does not provide funds to borrowers. Rather, it provides lending agencies with security through mortgage insurance in case the borrower defaults on his or her financial obligations. The FHA and their loan programs are formed to benefit low-to-moderate income purchasers by easing credit qualifications. Different from the VA appraiser panel, the lender working with Federal Housing Administration is allowed to pick the appraiser.

The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Buyers with lower incomes or less starting money to use as a down-payment on a loan benefit the most from Federal Housing Administration loan programs.