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. This means that we are certified and approved by the FHA to do reports for house loans insured by them. A certain amount of the regular training our staff at Crest Appraisal Services receives deals exclusively with decoding the FHA's documentation and their rules and procedures.
If you're in need of an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away.
An FHA loan is insured by the Federal Housing Administration, a federal organization that is a part of the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan funds to borrowers, rather, it provides lending organizations with protection through mortgage insurance in case the borrower does not pay his or her financial obligations. Available to all buyers, FHA loan programs are made to assist 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. The loan programs that the FHA offers are excessively helpful to purchasers with less starting income.