Holloway Appraisals, LLCHolloway Appraisals, LLC is AR state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-mortgage, be sure to call Holloway Appraisals, LLC, as we are approved and certified to perform FHA appraisals. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Contact us today if you need to get an appraisal done on an FHA-insured 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 lending organization takes care of all the loaned money; the FHA simply insures the loan through mortgage insurance in case the borrower defaults on his or her loan. The FHA and their loan programs are built to benefit low-to-moderate income homebuyers help meet credit expectations if they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Buyers with lesser income or less starting funds to use as a down-payment on a loan are assisted the most from Federal Housing Administration loan programs. |