Need an appraisal for an FHA-backed mortgage? Call Crest Appraisal Services
The FHA maintains 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 appraisal reports for house loans insured by them. Part of the continuing training our staff at Crest Appraisal Services completes deals precisely with decoding the FHA's documentation and their rules and procedures.
If you need an appraisal for an FHA loan, please contact us, and we'll be able to help you right away.
If your property loan is FHA approved, that means that the loan has been secured by the FHA, which is a branch of the United States Department of Housing and Urban Development (HUD). The FHA does not loan 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. Applicable to all purchasers, FHA loan programs are built to aid credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.
Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. Those with lower income or less starting money to use as a down-payment on a financial transaction benefit the most from Federal Housing Administration loan programs.