Need an appraisal for an FHA-backed mortgage? Call Bounds Appraisal ServiceThe FHA maintains of approved appraisers for each state - Bounds Appraisal Service is on the roster of approved appraisers for AR. Bounds Appraisal Service is qualified and approved to do appraisal reports for FHA secured financial transactions. We're trained and understand the rules and procedures in FHA's guidance and policy documents. If you're in need of an report for an FHA loan, please contact us, and we'll be able to help you right away. 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 financial transaction is an FHA-insured loan, it means it is secured by them. No part of the loan is provided by the FHA; what the FHA does is ensure that the loan is insured in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are designed to benefit low-to-moderate income purchasers help meet credit requirements if they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. Those with lower income or less starting money to put down on a financial transaction are helped the most from FHA loan programs. |