Need an appraisal for an FHA-backed mortgage? Call GDB Appraisal Services, Inc
We confidently state that GDB Appraisal Services, Inc is an FHA-approved appraisal service in CO. This means that we are certified and approved by the FHA to do appraisal reports for house loans backed by them. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at GDB Appraisal Services, Inc is well-trained on how to follow the rules and regulations provided.
If you need an appraisal for an FHA loan, please contact us, and we'll be able to help you right away.
An FHA loan is backed by the Federal Housing Administration, a federal organization that is a part of the U.S. Department of Housing and Urban Development (HUD). None of the money in the loan is provided by the FHA; what the FHA does is make sure that the loan is taken care of in case the borrower defaults on his or her loan obligations. Available to all homebuyers, FHA loan programs are built to assist credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
Down payments are often lower with an FHA loan despite using conventional market rates. Those with lower income or less starting funds to put down on a loan are helped the most from FHA loan programs.