JAC LLC. is approved for FHA mortgages

We assure you that JAC LLC. is an FHA-approved appraisal practice in AK. If you have an FHA-insured mortgage, be sure to contact JAC LLC., as we are approved and certified to produce FHA reports. We're trained and understand the rules and procedures in FHA's guidance and policy documents.

If your house loan is FHA certified, that means that the loan has been secured by the Federal Housing Administration, which is underneath the United States Department of Housing and Urban Development (HUD). No part of the loan is provided by the FHA; what the FHA does is make sure that the loan is paid for in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are designed to assist low-to-moderate income homebuyers help meet credit expectations if they otherwise would not.

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