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. If you have an FHA-mortgage, be sure to call GKS Appraisal Services, as we are approved and qualified to handle FHA appraisal reports. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at GKS Appraisal Services is well-trained on how to follow the rules and regulations provided.
Be sure to contact GKS Appraisal Services if you need an appraisal done for an FHA-secured loan.
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 loan, it means it is secured by them. No part of the loan is provided by the FHA; what the FHA does is ensure that the loan is paid for in case the borrower defaults on his or her loan obligations. Accessible to all consumers, FHA loan programs are formed to help credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. Purchasers with lesser income or less starting money to use as a down-payment on a mortgage are assisted the most from FHA loan programs.