Need an appraisal for an FHA-backed mortgage? Call Mahan AppraisalsMahan Appraisals is AR 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 house loans underwritten by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Be sure to contact Mahan Appraisals if you need an appraisal done for an FHA-secured loan. The FHA is the Federal Housing Administration, which is a federal organization in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA loan, it means it is insured by them. The FHA does not loan funds to borrowers, rather, it provides lending agencies with security by offering mortgage insurance in case the borrower does not pay his or her financial obligations. Accessible to all homebuyers, FHA loan programs are made to help credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans. Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are particularly beneficial to those homebuyers with less available cash. |