GKS Appraisal Services is your FHA certified appraisal company
GKS Appraisal Services is PA state certified and on the FHA Roster of approved residential appraisers. This indicates that we are certified and approved by the FHA to do reports for home loans underwritten by them. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at GKS Appraisal Services is well-trained on how to comply with the rules and regulations provided.
If you're in need of an appraisal for an FHA loan, please contact us, and we'll be able to help you right away.
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 loan, it means it is underwritten by them. The lending organization takes care of all the loaned money; the FHA simply insures the loan with mortgage insurance in case the borrower defaults on his or her loan. The FHA and their loan programs are created to help low-to-moderate income homebuyers help meet credit qualifications if they otherwise would not.
Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are incredibly beneficial to those purchasers with less accessible funding.