Bruce W. Reyle Commercial and Residential Real Estate Appraisers & Consultants is your FHA certified appraisal company
The FHA publishes a list of approved appraisers for each state - Bruce W. Reyle Commercial and Residential Real Estate Appraisers & Consultants is on the roster of approved appraisers for Virginia. This means that we are qualified and approved by the FHA to do reports for home loans insured by them. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Bruce W. Reyle Commercial and Residential Real Estate Appraisers & Consultants is well-trained on how to comply with the rules and regulations provided.
If you're in need of an appraisal for an FHA loan, please contact us, and we'll be able to help you right away.
An FHA loan is backed by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD). The FHA does not provide funds to borrowers, rather, it provides lending agencies with protection with mortgage insurance in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are created to benefit low-to-moderate income buyers help meet credit qualifications if they otherwise would not.
Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are incredibly helpful to those homebuyers with less accumulated starting capital.