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-loan, be sure to contact GKS Appraisal Services, as we are approved and certified to produce FHA appraisals. A portion of the regular training our staff at GKS Appraisal Services undergoes deals precisely with understanding the FHA's documentation and their rules and procedures.
Contact us today if you need to get an appraisal done on an FHA-insured loan.
The FHA is the Federal Housing Administration, which is a federal agency 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 money to borrowers, rather, it provides lenders with protection through mortgage insurance in case the borrower does not pay his or her financial obligations. Available to all consumers, FHA loan programs are created to help credit-worthy low-income and moderate-income families who do not meet requirements 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. Consumers with lesser income or less starting money to put down on a financial transaction are assisted the most from Federal Housing Administration loan programs.