Need an appraisal for an FHA-backed mortgage? Call Crest Appraisal Services
The FHA keeps a roster of approved appraisers for each state - Crest Appraisal Services is on the roster of approved appraisers for WA. We're certified and approved to do appraisals for FHA secured loans. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Crest Appraisal Services is well-trained on how to work in accordance with the rules and regulations provided.
Be sure to contact Crest Appraisal Services if you need an appraisal done for an FHA-secured loan.
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 insured by them. None of the funds are provided by the FHA; what the FHA does is make sure that the loan is paid for in case the borrower doesn't pay their loan. Accessible to all consumers, FHA loan programs are created to assist credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. The loan programs that the FHA provides are excessively beneficial to consumers with less starting capital.