Need an appraisal for an FHA-backed mortgage? Call GKS Appraisal Services
The FHA publishes a list of approved appraisers for each state - GKS Appraisal Services is on the roster of approved appraisers for PA. This means that we are certified and approved by the FHA to do reports for property loans insured by them. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at GKS Appraisal Services is well-trained on how to comply with the rules and regulations provided.
Contact us today if you need to get an appraisal done on an FHA-insured loan.
If your house loan is FHA insured, that means that it has been guaranteed by the Federal Housing Administration, which is underneath 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 make sure that the loan is secure in case the borrower doesn't pay their loan. The FHA and their loan programs are formed to benefit low-to-moderate income consumers help meet credit expectations if they otherwise would not.
Down payments are often lower with an FHA loan despite using conventional market rates. Purchasers with lower income or less starting capital to put down on a financial transaction benefit the most from FHA loan programs.