Markham & Fox, LLCThe FHA keeps a roster of approved appraisers for each state - Markham & Fox, LLC is on the roster of approved appraisers for VA. This means that we are certified and approved by the FHA to do appraisals for home loans backed by them. A portion of the ongoing training our staff at Markham & Fox, LLC receives deals strictly with understanding the FHA's documentation and their rules and procedures. 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 the loan has been guaranteed by the Federal Housing Administration, which is part of the United States Department of Housing and Urban Development (HUD). The lending company provides all the loaned money; the FHA simply backs the loan by providing mortgage insurance in case the borrower does not pay off his or her loan. Applicable to all homebuyers, FHA loan programs are formed to help credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Consumers with lower income or less starting capital to use as a down-payment on a mortgage are assisted the most from FHA loan programs. |