Arkansas Home Builders Association

The Arkansas Dream Center was presented with a $50,000 check today on behalf of the Faulkner County Home Builders Association from the Home Building Industry Disaster Relief Fund of the National Association of Home Builders to assist in rebuilding homes in Faulkner County for uninsured and underinsured residents whose homes were destroyed in the 2014 tornado that devastated major areas of Vilonia and Mayflower, Arkansas. Faulkner County Home Builders Association Christina Galloway, Executive Officer P.O. Box 1228 Conway, AR  72033 Faulkner County Home Builders Assn. Board of Directors President, Greek Miller, Greek Miller Construction Vice President, Bruce Hendricks, Hendricks Construction, Inc. Secretary/Treasurer, Kim Tyler, Tyler Group Past-President, Mike Wallace, Mallard Contractors AHBA Representative, Herb Evans, Greenbrier Custom Homes AHBA Representative, Camille Turchi, Ridout Lumber Luke Porter, Luke Porter, Inc. Patrick Moix, Moix and Moix Construction Kevin Watson, Wat...

Closing on your new home is an exciting time — but it also can be an overwhelming process. Home buyers are usually required to sign a seemingly endless pile of documents, most of which are written in terminology that can be difficult to understand. Fortunately, the process is about to get easier. Under new rules required by the Consumer Financial Protection Bureau, four closing documents will be merged into two new documents: the Loan Estimate and the Closing Disclosure form. The design of the forms and their terminology will be more consumer-friendly to help home owners better understand this complex process. The existing Good Faith Estimate and Truth in Lending disclosures will be eliminated and combined into a single Loan Estimate form. The Loan Estimate must be delivered to the buyer no later than three business days after receiving the application. In addition, the final Truth in Lending Disclosure and HUD-1 Settlement Statement are being replaced by the Closing Disclosur...