Marlow Appraisal Service is approved for FHA appraisalsMarlow Appraisal Service is TN state certified and on the FHA Roster of approved residential appraisers. Marlow Appraisal Service is certified and approved to do appraisals for FHA secured financial transactions. A portion of the continuing training our staff at Marlow Appraisal Service undergoes deals exclusively with decoding the FHA's documentation and their rules and procedures. If you're in need of an report for an FHA loan, please contact us, and we'll be able to help you right away. If your property loan is FHA certified, that means that the loan has been guaranteed by the FHA, 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 transaction with mortgage insurance in case the borrower does not pay off his or her loan. Low-income and moderate-income consumers benefit from an FHA-backed financial transaction; the point of the Federal Housing Administration is to cooperate with credit-worthy buyers to meet expectations and necessities for lending agencies that they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are extremely helpful to those buyers with less accumulated cash. |