Need an appraisal for an FHA-backed mortgage? Call GKS Appraisal Services
The FHA retains of approved appraisers for each state - GKS Appraisal Services is on the roster of approved appraisers for PA. This means that we are qualified and approved by the FHA to do reports for home loans backed by them. A certain amount of the ongoing training our staff at GKS Appraisal Services receives deals strictly with comprehending 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 home loan is FHA certified, that means that the loan has been secured by the Federal Housing Administration, which is a branch of the United States Department of Housing and Urban Development (HUD). No part of the loan is provided by the FHA; what the FHA does is ensure that the loan is secure in case the borrower doesn't pay their loan. The FHA and their loan programs are designed to help low-to-moderate income purchasers help meet credit qualifications if they otherwise would not.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are extremely helpful to those purchasers with less available cash.