Need an appraisal for an FHA-backed mortgage? Call Crest Appraisal Services
We assure you that Crest Appraisal Services is an FHA-certified appraisal firm in WA. We're qualified and approved to do reports for FHA secured financial transactions. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Crest Appraisal Services is well-trained on how to follow the rules and regulations provided.
Be sure to contact Crest Appraisal Services if you need an appraisal done for an FHA-secured loan.
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 backed by them. The lender provides all the finances; the FHA simply insures the loan with mortgage insurance in case the borrower does not pay off his or her loan. Low-income and moderate-income borrowers benefit from an FHA-secured loan; the point of the Federal Housing Administration is to cooperate with credit-worthy buyers to meet expectations and qualifications for lending agencies that they otherwise would not.
Down payments are often lower with an FHA loan despite using conventional market rates. The loan programs that the FHA provides are acutely helpful to consumers with less starting capital.