Crest Appraisal Services can do FHA backed loans

Crest Appraisal Services is WA state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-mortgage, be sure to get with Crest Appraisal Services, as we are approved and certified to perform FHA reports. A certain amount of the continuing training our staff at Crest Appraisal Services undergoes deals exclusively with understanding the FHA's documentation and their rules and procedures.

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 loan, it means it is secured by them. The lender provides all the finances; the FHA simply secures the transaction by providing mortgage insurance in case the borrower defaults on his or her loan. Available to all consumers, FHA loan programs are built to assist credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.

The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are extremely useful to those purchasers with less accessible cash.