Enterprise Appraisal Services is approved for FHA loansEnterprise Appraisal Services is AK state certified and on the FHA Roster of approved residential appraisers. We are certified and approved to do appraisal reports for FHA secured financial transactions. A portion of the periodic training our staff at Enterprise Appraisal Services completes deals exclusively with understanding the FHA's documentation and their rules and procedures. Be sure to contact Enterprise Appraisal Services if you need an appraisal done for an FHA-secured loan. The FHA is the Federal Housing Administration, which is a federal organization in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA-secured loan, it means it is secured by them. The lending company provides all the finances; the FHA simply secures the loan with mortgage insurance in case the borrower defaults on his or her loan. Available to all buyers, FHA loan programs are made to assist credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans. Down payments are often lower with an FHA loan despite using conventional market rates. Consumers with lower income or less starting money to use as a down-payment on a mortgage are assisted the most from Federal Housing Administration loan programs. |