GVI Appraisals, Inc.

Rest assured that GVI Appraisals, Inc. is an FHA-certified appraisal service in AL. This means that we are qualified and approved by the FHA to do reports for property loans insured by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents.

If your house loan is FHA approved, that means that it has been secured by the Federal Housing Administration, which is part of the United States Department of Housing and Urban Development (HUD). None of the funds are provided by the FHA; what the FHA does is ensure that the mortgage is taken care of in case the borrower defaults on his or her loan obligations. Low-income and moderate-income consumers benefit from an FHA-insured loan; the point of the Federal Housing Administration is to help credit-worthy potential buyers to meet expectations and necessities for lending organizations that they otherwise would not.

Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. Buyers with lesser income or less starting money to use as a down-payment on a financial transaction are assisted the most from Federal Housing Administration loan programs.