is Alaska state certified and on the FHA Roster of approved residential appraisers.
If you have an FHA-secured loan, be sure to get with Crosson & Associates, as we are approved and qualified to perform FHA reports.
We're trained and understand the rules and procedures in FHA's guidance and policy documents.
An FHA loan is secured by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD).
The lending company takes care of all the loaned money - the FHA simply backs the loan with mortgage insurance in case the borrower defaults on his or her loan.
Low-income and moderate-income homebuyers benefit the most from FHA-secured loan programs. The purpose of the Federal Housing Administration is to help credit-worthy consumers get approved for mortgages that they otherwise would not.
Different from the VA appraiser panel, the lender working with Federal Housing Administration actually has the ability to pick the appraiser.
Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates.
The loan programs that the FHA offers are invaluable to buyers with minimal starting income.
