Douglas Appraisals is available for your FHA backed loans

Rest assured that Douglas Appraisals is an FHA-certified appraisal company in AR. This means that we are certified and approved by the FHA to do reports for house loans underwritten by them. A certain amount of the ongoing training our staff at Douglas Appraisals receives deals exclusively with decoding the FHA's documentation and their rules and procedures.

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-insured loan, it means it is insured by them. The lender takes care of all the money in the loan; the FHA simply insures the transaction through mortgage insurance in case the borrower does not pay off his or her loan. The FHA and their loan programs are created to aid low-to-moderate income consumers help meet credit expectations 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. Those with lesser income or less starting funds to use as a down-payment on a loan are helped the most from FHA loan programs.