Crest Appraisal Services is approved for FHA workThe FHA keeps a roster of approved appraisers for each state - Crest Appraisal Services is on the roster of approved appraisers for WA. If you have an FHA-insured mortgage, be sure to contact Crest Appraisal Services, as we are approved and qualified to perform FHA appraisal reports. Part of the periodic training our staff at Crest Appraisal Services completes deals precisely with decoding the FHA's documentation and their rules and procedures. Contact us today if you need to get an appraisal done on an FHA-insured loan. The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD) - if your financial transaction is an FHA loan, it means it is secured by them. None of the money in the loan is provided by the FHA; what the FHA does is make sure that the loan is insured in case the borrower defaults on his or her loan obligations. Low-income and moderate-income homebuyers benefit from an FHA-backed loan; the purpose of the Federal Housing Administration is to help credit-worthy potential buyers to meet expectations and qualifications for lending organizations that 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. The loan programs that the Federal Housing Administration offers are extremely helpful to buyers with less starting capital. |