Crest Appraisal Services is your FHA certified appraisal company
The FHA maintains of approved appraisers for each state - Crest Appraisal Services is on the roster of approved appraisers for WA. If you have an FHA-loan, be sure to call Crest Appraisal Services, as we are approved and qualified to handle FHA appraisals. Part of the ongoing training our staff at Crest Appraisal Services receives deals strictly with comprehending the FHA's documentation and their rules and procedures.
If you're in need of an report for an FHA loan, please contact us, and we'll be able to help you right away.
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-insured 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 insured in case the borrower doesn't pay their loan. The FHA and their loan programs are built to benefit low-to-moderate income purchasers help meet credit qualifications if they otherwise would not.
Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. Consumers with lesser income or less starting funds to put down on a financial transaction are assisted the most from FHA loan programs.