Bruce W. Reyle Commercial and Residential Real Estate Appraisers & Consultants is your FHA certified appraisal company
Rest assured that Bruce W. Reyle Commercial and Residential Real Estate Appraisers & Consultants is an FHA-approved appraisal practice in Virginia. This indicates that we are qualified and approved by the FHA to do appraisal reports for house loans underwritten by them. Part of the continuing training our staff at Bruce W. Reyle Commercial and Residential Real Estate Appraisers & Consultants completes deals precisely with comprehending the FHA's documentation and their rules and procedures.
If you need an report for an FHA loan, please contact us, and we'll be able to help you right away.
If your property loan is FHA insured, that means that the loan has been secured by the FHA, which is underneath the United States Department of Housing and Urban Development (HUD). None of the funds are provided by the FHA; what the FHA does is make sure that the mortgage is secure in case the borrower doesn't pay their loan. Low-income and moderate-income homebuyers benefit from an FHA-secured financial transaction; the point of the Federal Housing Administration is to help credit-worthy potential buyers to meet expectations and necessities for lenders 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. FHA loan programs are extremely useful to those homebuyers with less accessible funding.