Need an appraisal for an FHA-backed mortgage? Call GKS Appraisal Services
We confidently state that GKS Appraisal Services is an FHA-approved appraisal company in PA. We are qualified and approved to do appraisals for FHA insured loans. A certain amount of the regular training our staff at GKS Appraisal Services receives deals exclusively with decoding the FHA's documentation and their rules and procedures.
If you're in need of an appraisal for an FHA loan, please contact us, and we'll be able to help you right away.
An FHA loan is insured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). None of the money in the loan is provided by the FHA; what the FHA does is ensure that the mortgage is paid for in case the borrower defaults on his or her loan obligations. 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 buyers to meet expectations and necessities for lending agencies that they otherwise would not.
Down payments are often lower with an FHA loan despite using conventional market rates. Those with lesser income or less starting money to put down on a loan are assisted the most from FHA loan programs.