Need an appraisal for an FHA-backed mortgage? Call Willis Smith & Associates (501)227-9413

Willis Smith & Associates (501)227-9413 is AR state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-loan, be sure to contact Willis Smith & Associates (501)227-9413, as we are approved and certified to handle FHA reports. A certain amount of the continuing training our staff at Willis Smith & Associates (501)227-9413 receives deals precisely with understanding the FHA's documentation and their rules and procedures.

An FHA loan is backed by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). None of the money in the loan is provided by the FHA; what the FHA does is make sure that the loan is paid for in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are designed to aid low-to-moderate income purchasers help meet credit qualifications if 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 beneficial to those purchasers with less available funding.