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. This means that we are certified and approved by the FHA to do reports for house loans backed by them. A certain amount of the continuing training our staff at Crest Appraisal Services completes deals strictly with comprehending the FHA's documentation and their rules and procedures.
If you're in need of an appraisal for an FHA loan, please contact us, and we'll be able to help you right away.
An FHA loan is underwritten by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD). The lender provides all the money in the loan; the FHA simply secures the transaction through mortgage insurance in case the borrower defaults on his or her loan. Accessible to all buyers, FHA loan programs are designed to help credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
Down payments are often lower with an FHA loan despite using conventional market rates. Purchasers with lower income or less starting funds to put down on a loan are assisted the most from Federal Housing Administration loan programs.