Need an appraisal for an FHA-backed mortgage? Call CRS Appraisals

Rest assured that CRS Appraisals is an FHA-approved appraisal company in WA. CRS Appraisals is qualified and approved to do reports for FHA insured loans. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at CRS Appraisals is well-trained on how to work in accordance with the rules and regulations provided.

If your home loan is FHA certified, that means that the loan has been secured by the FHA, which is underneath the United States Department of Housing and Urban Development (HUD). The lending organization takes care of all the money in the loan; the FHA simply insures the transaction by providing mortgage insurance in case the borrower does not pay off his or her loan. The FHA and their loan programs are formed to aid low-to-moderate income purchasers help meet credit requirements if they otherwise would not.

The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. The loan programs that the Federal Housing Administration offers are extremely useful to buyers with less starting capital.