Need an appraisal for an FHA-backed mortgage? Call Appraisal SpecialistWe are happy to say that Appraisal Specialist is an FHA-certified appraisal practice in AK. If you have an FHA-secured mortgage, be sure to get with Appraisal Specialist , as we are approved and qualified to perform FHA reports. A portion of the continuing training our staff at Appraisal Specialist receives deals exclusively with understanding the FHA's documentation and their rules and procedures. Contact us today if you need to get an appraisal done on an FHA-insured loan. An FHA loan is secured by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD). The lending organization takes care of all the money in the loan; the FHA simply backs the transaction by providing mortgage insurance in case the borrower does not pay off his or her loan. Low-income and moderate-income homebuyers benefit from an FHA-insured financial transaction; the purpose of the Federal Housing Administration is to assist credit-worthy buyers to meet expectations and qualifications for lending agencies that they otherwise would not. 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 accumulated cash. |