AK Appraisals is your FHA certified appraisal companyAK Appraisals is AK state certified and on the FHA Roster of approved residential appraisers. We are qualified and approved to do appraisals for FHA secured loans. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at AK Appraisals is well-trained on how to work in accordance with the rules and regulations provided. Contact us today if you need to get an appraisal done on an FHA-insured loan. If your loan is FHA certified, that means that it has been secured by the Federal Housing Administration, which is a branch of the United States Department of Housing and Urban Development (HUD). The lending company takes care of all the finances; the FHA simply backs the loan by providing mortgage insurance in case the borrower does not pay off his or her loan. The FHA and their loan programs are formed to help low-to-moderate income buyers help meet credit qualifications if they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Buyers with lower income or less starting funds to put down on a financial transaction benefit the most from Federal Housing Administration loan programs. |