Robert Jones Appraisal Practice is approved for FHA loans

The FHA keeps a roster of approved appraisers for each state - Robert Jones Appraisal Practice is on the roster of approved appraisers for GA. We are qualified and approved to do appraisal reports for FHA insured loans. A portion of the continuing training our staff at Robert Jones Appraisal Practice receives deals strictly with comprehending the FHA's documentation and their rules and procedures.

If your financial transaction is FHA insured, that means that the loan has been guaranteed by the FHA, which is underneath the United States Department of Housing and Urban Development (HUD). The FHA does not loan money to borrowers, rather, it provides lending agencies with safety through mortgage insurance in case the borrower defaults on his or her loan obligations. Applicable to all consumers, FHA loan programs are formed to help credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.

The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are extremely helpful to those buyers with less accumulated starting capital.