GLA APPRAISAL CO. is approved for FHA backed loansGLA APPRAISAL CO. is PA state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-secured mortgage, be sure to get with GLA APPRAISAL CO., as we are approved and certified to perform FHA appraisals. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at GLA APPRAISAL CO. 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 secured by the FHA, which is underneath the United States Department of Housing and Urban Development (HUD). The FHA does not loan capital to borrowers, rather, it provides lending agencies with protection by offering mortgage insurance in case the borrower does not pay his or her loan obligations. The FHA and their loan programs are formed to aid low-to-moderate income consumers help meet credit qualifications if they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Consumers with lesser income or less starting funds to use as a down-payment on a mortgage are helped the most from Federal Housing Administration loan programs. |