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-secured mortgage, be sure to call GKS Appraisal Services, as we are approved and certified to handle FHA appraisal reports. 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.
An FHA loan is insured by the Federal Housing Administration, a federal organization that is a part of the U.S. Department of Housing and Urban Development (HUD). The lending company provides all the money in the loan; the FHA simply backs the loan through mortgage insurance in case the borrower does not pay off his or her loan. The FHA and their loan programs are created to benefit low-to-moderate income purchasers help meet credit expectations if they otherwise would not.
Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are extremely beneficial to those buyers with less accessible funding.