The FHA maintains the rolls of approved appraisers for each state - JRL Properties (209) 479-1926 is on the roster of approved appraisers for California.
JRL Properties (209) 479-1926 is qualified and approved to do reports for FHA secured loans.
Part of the periodic training our staff at JRL Properties (209) 479-1926 undergoes deals strictly with decoding the FHA's documentation and their rules and procedures.
An FHA loan is underwritten 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 money to borrowers. Rather, it provides lenders with safety with mortgage insurance in case the borrower defaults on his or her loan obligations.
The FHA and their loan programs are formed to assist low-to-moderate income consumers by easing credit requirements.
Remember, the FHA deviates from the VA appraiser panel in that the lending organization can pick the appraisal company.
Down payments are often lower with an FHA loan despite using conventional market rates.
FHA loan programs are incredibly helpful to those purchasers with less available starting capital.
