Need an appraisal for an FHA-backed mortgage? Call Bruce W. Reyle & Company Real Estate Appraisers and Consultants
Bruce W. Reyle & Company Real Estate Appraisers and Consultants is Virginia state certified and on the FHA Roster of approved residential appraisers. This means that we are qualified and approved by the FHA to do appraisals for house loans insured by them. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Bruce W. Reyle & Company Real Estate Appraisers and Consultants is well-trained on how to comply with the rules and regulations provided.
If you need 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 secured by them. The FHA does not loan capital to borrowers, rather, it provides lenders with security through mortgage insurance in case the borrower defaults on his or her loan obligations. Applicable to all buyers, FHA loan programs are made to assist credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. The loan programs that the FHA provides are excessively useful to buyers with less starting capital.