Wilson Appraisal Group, LLC is your FHA certified appraisal company
The FHA retains a list of approved appraisers for each state - Wilson Appraisal Group, LLC is on the roster of approved appraisers for Arkansas.
If you have an FHA-secured loan, be sure to contact Wilson Appraisal Group, LLC, as we are approved and qualified to perform FHA reports.
A portion of the periodic training our staff at Wilson Appraisal Group, LLC receives deals precisely with decoding the FHA's documentation and their rules and procedures.
||If you need an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away.
An FHA loan is secured by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD).
The FHA does not loan funds to borrowers. Rather, it provides lenders with protection with mortgage insurance in case the borrower defaults on his or her loan obligations.
Low-income and moderate-income homebuyers benefit the most from FHA-backed loan programs. The purpose of the Federal Housing Administration is to aid credit-worthy buyers get approved for mortgages that they otherwise would not.
Remember, the FHA deviates from the VA appraiser panel in that the lender can choose the appraisal company.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.
The loan programs that the Federal Housing Administration provides are invaluable to purchasers with minimal starting capital.