Need an appraisal for an FHA-backed mortgage? Call GKS Appraisal Services
GKS Appraisal Services is PA state certified and on the FHA Roster of approved residential appraisers. GKS Appraisal Services is qualified and approved to do reports for FHA secured loans. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at GKS Appraisal Services is well-trained on how to work in accordance with the rules and regulations provided.
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.
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 financial transaction is an FHA-secured loan, it means it is insured by them. The FHA does not loan funds to borrowers, rather, it provides lending agencies with security by offering mortgage insurance in case the borrower defaults on his or her loan obligations. Available to all homebuyers, FHA loan programs are made to help credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.
Down payments are often lower with an FHA loan despite using conventional market rates. The loan programs that the Federal Housing Administration offers are incredibly useful to purchasers with less starting income.