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Commissioner’S Adjusted Fair Market Value (CAFMV)

FHA Single Family Housing Policy Handbook Glossary November 26 2025

Updated 08-20-2026

Commissioner’S Adjusted Fair Market Value (CAFMV)

The Commissioner's Adjusted Fair Market Value (CAFMV) is the estimate of the fair market value of the mortgaged Property, less adjustments, which may include without limitation, HUD's estimate of holding costs and resale costs that would be incurred if title to the mortgaged Property were conveyed to HUD.

FHA Single Family Housing Policy Handbook Glossary November 26 2025

p. 9

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