Apex Appraisals is your FHA certified appraisal company

Apex Appraisals is AK state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-secured mortgage, be sure to hire Apex Appraisals, as we are approved and certified to handle FHA reports. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Apex Appraisals is well-trained on how to comply with the rules and regulations provided.

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 financial transaction is an FHA-secured loan, it means it is secured by them. The lending organization takes care of all the finances; the FHA simply secures the transaction through mortgage insurance in case the borrower defaults on his or her loan. Low-income and moderate-income consumers benefit from an FHA-secured loan; the purpose of the Federal Housing Administration is to cooperate with credit-worthy consumers to meet expectations and requirements for lending organizations that they otherwise would not.

Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. FHA loan programs are particularly helpful to those purchasers with less available cash.