Need an appraisal for an FHA-backed mortgage? Call JC Reynolds Appraisals, Inc.JC Reynolds Appraisals, Inc. is Texas state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-insured mortgage, be sure to hire JC Reynolds Appraisals, Inc., as we are approved and qualified to handle FHA appraisals. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at JC Reynolds Appraisals, Inc. is well-trained on how to work in accordance with the rules and regulations provided.
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 loan is an FHA loan, it means it is insured by them. No part of the loan is provided by the FHA. What the FHA does is see to it that the loan is paid for in case the borrower doesn't pay their loan. Low-income and moderate-income homebuyers benefit the most from FHA-insured loan programs. The point of the Federal Housing Administration is to assist credit-worthy buyers get approved for mortgages that they otherwise would not. Different from the VA appraiser panel, the lending organization working with FHA is allowed to select the appraiser.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 particularly helpful to those buyers with less accumulated funding.