Need an appraisal for an FHA-backed mortgage? Call Crest Appraisal Services
Crest Appraisal Services is WA state certified and on the FHA Roster of approved residential appraisers. Crest Appraisal Services is qualified and approved to do appraisal reports for FHA insured financial transactions. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Crest Appraisal Services is well-trained on how to comply with the rules and regulations provided.
Be sure to contact Crest Appraisal Services if you need an appraisal done for an FHA-secured loan.
If your house loan is FHA certified, that means that the loan has been guaranteed by the FHA, which is underneath the United States Department of Housing and Urban Development (HUD). None of the funds are provided by the FHA; what the FHA does is ensure that the mortgage is secure in case the borrower doesn't pay their loan. The FHA and their loan programs are designed to help low-to-moderate income buyers help meet credit expectations if they otherwise would not.
Down payments are often lower with an FHA loan despite using conventional market rates. The loan programs that the Federal Housing Administration provides are extremely helpful to buyers with less starting capital.