Need an appraisal for an FHA-backed mortgage? Call CHM Appraisals LLCThe FHA publishes a list of approved appraisers for each state - CHM Appraisals LLC is on the roster of approved appraisers for AR. CHM Appraisals LLC is qualified and approved to do reports for FHA insured financial transactions. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at CHM Appraisals LLC is well-trained on how to comply with the rules and regulations provided. 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 underwritten by them. The lender provides all the money in the loan; the FHA simply secures the transaction with mortgage insurance in case the borrower defaults on his or her loan. Applicable to all consumers, FHA loan programs are formed to aid credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans. Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. Purchasers with lesser income or less starting funds to put down on a loan benefit the most from FHA loan programs. |