Cecilia Mendonsa can do FHA loans

Cecilia Mendonsa is AK state certified and on the FHA Roster of approved residential appraisers. We're certified and approved to do reports for FHA insured loans. Part of the regular training our staff at Cecilia Mendonsa completes deals exclusively with decoding the FHA's documentation and their rules and procedures.

The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA loan, it means it is secured by them. No part of the loan is provided by the FHA; what the FHA does is ensure that the loan is secure in case the borrower defaults on his or her loan obligations. Available to all buyers, FHA loan programs are formed to assist credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.

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 incredibly useful to those consumers with less accessible cash.