Severson Appraisal Service is your FHA certified appraisal companyWe are happy to say that Severson Appraisal Service is an FHA-approved appraisal practice in AK. This means that we are certified and approved by the FHA to do appraisals for home loans underwritten by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents. If you need an appraisal for an FHA loan, please contact us, and we'll be able to help you right away. If your financial transaction is FHA certified, that means that it has been guaranteed by the FHA, which is part of the United States Department of Housing and Urban Development (HUD). The FHA does not loan money to borrowers, rather, it provides lending organizations with safety by offering mortgage insurance in case the borrower does not pay his or her loan obligations. The FHA and their loan programs are built to aid low-to-moderate income buyers help meet credit requirements if they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. The loan programs that the FHA offers are exceedingly beneficial to purchasers with less starting capital. |