Need an appraisal for an FHA-backed mortgage? Call AK Home Town Appraisal, LLCThe FHA publishes a list of approved appraisers for each state - AK Home Town Appraisal, LLC is on the roster of approved appraisers for AK. This means that we are certified and approved by the FHA to do appraisals for property loans insured by them. Part of the continuing training our staff at AK Home Town Appraisal, LLC receives deals precisely with decoding the FHA's documentation and their rules and procedures. Be sure to contact AK Home Town Appraisal, LLC if you need an appraisal done for an FHA-secured loan. The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD) - if your financial transaction is an FHA-insured loan, it means it is backed by them. The lender takes care of all the money in the loan; the FHA simply secures the loan with mortgage insurance in case the borrower defaults on his or her loan. The FHA and their loan programs are designed to help low-to-moderate income buyers help meet credit qualifications if they otherwise would not. Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. Those with lower income or less starting funds to use as a down-payment on a financial transaction benefit the most from FHA loan programs. |