Bruce W. Reyle Commercial and Residential Real Estate Appraisers & Consultants is your FHA certified appraisal company
The FHA keeps a roster 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. We're certified and approved to do reports for FHA secured loans. Part of the continuing training our staff at Bruce W. Reyle Commercial and Residential Real Estate Appraisers & Consultants receives deals strictly with decoding the FHA's documentation and their rules and procedures.
If you're in need of an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away.
An FHA loan is secured by the Federal Housing Administration, a federal organization that is a part of the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan capital to borrowers, rather, it provides lending agencies with protection by offering mortgage insurance in case the borrower does not pay his or her financial obligations. Applicable to all buyers, FHA loan programs are built to help credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are incredibly useful to those homebuyers with less accessible cash.