Need an appraisal for an FHA-backed mortgage? Call Paige R. Hodson, SRA

Rest assured that Paige R. Hodson, SRA is an FHA-approved appraisal company in AK. This means that we are certified and approved by the FHA to do reports for property loans underwritten by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents.

Contact us today if you need to get an appraisal done on an FHA-insured loan.

If your house loan is FHA insured, that means that the loan has been secured by the FHA, which is underneath the United States Department of Housing and Urban Development (HUD). The FHA does not loan funds to borrowers, rather, it provides lending agencies with safety through mortgage insurance in case the borrower does not pay his or her financial obligations. Applicable to all buyers, FHA loan programs are made to help credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.

The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Purchasers with lower income or less starting capital to use as a down-payment on a loan are assisted the most from Federal Housing Administration loan programs.