Need an appraisal for an FHA-backed mortgage? Call GKS Appraisal ServicesThe FHA retains of approved appraisers for each state - GKS Appraisal Services is on the roster of approved appraisers for PA. This means that we are qualified and approved by the FHA to do appraisals for home loans insured by them. 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. Be sure to contact GKS Appraisal Services if you need an appraisal done for an FHA-secured loan. An FHA loan is insured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). No part of the loan is provided by the FHA; what the FHA does is ensure that the loan is paid for in case the borrower doesn't pay their loan. The FHA and their loan programs are designed to assist low-to-moderate income buyers help meet credit requirements 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 use as a down-payment on a financial transaction benefit the most from FHA loan programs. |