ABK Appraisals

Rest assured that ABK Appraisals is an FHA-approved appraisal company in AR. This means that we are qualified and approved by the FHA to do appraisal reports for house loans insured by them. A certain amount of the continuing training our staff at ABK Appraisals receives deals precisely 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 financial transaction is an FHA loan, it means it is backed by them. The lending organization takes care of all the finances; the FHA simply backs the loan with mortgage insurance in case the borrower does not pay off his or her loan. Applicable to all buyers, FHA loan programs are formed to assist credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.

Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are incredibly beneficial to those consumers with less accessible starting capital.