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. If you have an FHA-secured mortgage, be sure to hire Crest Appraisal Services, as we are approved and certified to perform FHA reports. We're trained and understand the rules and procedures in FHA's guidance and policy documents.
If you need an report 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 agency within the U.S. Department of Housing and Urban Development (HUD). The FHA does not provide funds to borrowers, rather, it provides lending agencies with security by offering mortgage insurance in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are created to help low-to-moderate income homebuyers help meet credit qualifications if they otherwise would not.
Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are particularly beneficial to those consumers with less accumulated starting capital.