Need an appraisal for an FHA-backed mortgage? Call GKS Appraisal Services
We assure you that GKS Appraisal Services is an FHA-approved appraisal service in PA. This means that we are certified and approved by the FHA to do appraisal reports for property loans insured by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents.
Contact us today if you need to get an appraisal done on an FHA-insured loan.
If your loan is FHA certified, that means that the loan has been guaranteed by the Federal Housing Administration, which is underneath the United States Department of Housing and Urban Development (HUD). The FHA does not provide funds to borrowers, rather, it provides lending agencies with safety with mortgage insurance in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are built to aid low-to-moderate income consumers help meet credit qualifications if they otherwise would not.
Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. FHA loan programs are incredibly useful to those buyers with less available funding.