Need an appraisal for an FHA-backed mortgage? Call JRP Appraisals LLC

Rest assured that JRP Appraisals LLC is an FHA-approved appraisal practice in OK. This means that we are certified and approved by the FHA to do appraisal reports for home loans backed by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents.

If your property loan is FHA approved, that means that the loan has been guaranteed by the Federal Housing Administration, which is part of the United States Department of Housing and Urban Development (HUD). The lending organization takes care of all the money in the loan; the FHA simply secures the transaction through mortgage insurance in case the borrower does not pay off his or her loan. Applicable to all consumers, FHA loan programs are created to assist 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. The loan programs that the FHA offers are acutely useful to buyers with less starting income.