Need an appraisal for an FHA-backed mortgage? Call Evelyn Donica

Rest assured that Evelyn Donica is an FHA-certified appraisal service in AR. This means that we are certified and approved by the FHA to do appraisals for house loans insured by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents.

An FHA loan is secured by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD). The lender takes care of all the loaned money; the FHA simply insures the loan by providing mortgage insurance in case the borrower does not pay off his or her loan. Accessible to all consumers, FHA loan programs are created to help credit-worthy low-income and moderate-income families who do not meet requirements 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. FHA loan programs are incredibly useful to those buyers with less accessible funding.