Maddox Appraisal Service, LLC can do FHA workWe are happy to say that Maddox Appraisal Service, LLC is an FHA-approved appraisal service in KY. If you have an FHA-loan, be sure to contact Maddox Appraisal Service, LLC, as we are approved and qualified to produce FHA appraisals. A certain amount of the regular training our staff at Maddox Appraisal Service, LLC completes deals exclusively with understanding the FHA's documentation and their rules and procedures. Be sure to contact Maddox Appraisal Service, LLC if you need an appraisal done for an FHA-secured loan. The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA-insured loan, it means it is insured by them. The FHA does not loan money to borrowers, rather, it provides lending agencies with security with mortgage insurance in case the borrower does not pay his or her financial obligations. The FHA and their loan programs are formed to benefit low-to-moderate income homebuyers help meet credit requirements if they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. Those with lower income or less starting capital to put down on a loan are helped the most from FHA loan programs. |