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. We are certified and approved to do appraisal reports for FHA insured loans. Part of the ongoing training our staff at GKS Appraisal Services completes deals strictly with understanding the FHA's documentation and their rules and procedures.
Be sure to contact GKS Appraisal Services if you need an appraisal done for an FHA-secured loan.
If your property loan is FHA insured, that means that it has been secured by the FHA, which is part of the United States Department of Housing and Urban Development (HUD). The FHA does not provide funds to borrowers, rather, it provides lending agencies with protection by offering mortgage insurance in case the borrower does not pay his or her loan obligations. Available to all homebuyers, 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. The loan programs that the FHA offers are incredibly useful to purchasers with less starting income.