North Face Appraisals is your FHA certified appraisal company

North Face Appraisals is AK state certified and on the FHA Roster of approved residential appraisers. This indicates that we are certified and approved by the FHA to do reports for home loans backed by them. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at North Face Appraisals is well-trained on how to follow the rules and regulations provided.

An FHA loan is secured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The lending company takes care of all the money in the loan; the FHA simply backs the loan through mortgage insurance in case the borrower defaults on his or her loan. Low-income and moderate-income homebuyers benefit from an FHA-insured financial transaction; the point of the Federal Housing Administration is to cooperate with credit-worthy consumers to meet expectations and necessities for lending organizations that they otherwise would not.

Down payments are often lower with an FHA loan despite using conventional market rates. Those with lower income or less starting funds to use as a down-payment on a loan are helped the most from FHA loan programs.