Tag: appraisals

4 Steps to Getting an Accurate Appraisal Value for Your High-Performance Home

Filed in Sustainability and Green Building by on March 30, 2021 3 Comments
4 Steps to Getting an Accurate Appraisal Value for Your High-Performance Home

Are appraisals for your newly constructed high-performance homes consistently coming in lower than your contract prices, despite being above code? How can you get appraisals to accurately reflect the additional value on a high-performance home?

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What Builders Should Know About Appraisals and Lumber Prices

Filed in Advocacy, Material Costs by on February 23, 2021 32 Comments
What Builders Should Know About Appraisals and Lumber Prices

As builders struggle with front-end issues, such as rising lumber prices and material shortages, they are also experiencing additional challenges on the backend, as appraisal standards make it difficult to recognize the full impact of sharp increases in the cost of building materials. Here are some tips to have your appraisal better reflect your actual building costs.

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FHFA Extends Loan Processing Flexibilities Through Aug. 31

Filed in Disaster Response, Housing Finance by on July 9, 2020 0 Comments
FHFA Extends Loan Processing Flexibilities Through Aug. 31

The Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac will extend several loan origination flexibilities until Aug. 31, 2020, to ensure continued support for borrowers during the COVID-19 national emergency. The flexibilities were set to expire on July 31.

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FHA Extends Appraisal Program Through Aug. 31

Filed in Housing Finance by on June 30, 2020 0 Comments
FHA Extends Appraisal Program Through Aug. 31

The Federal Housing Administration (FHA) has announced it will allow exterior-only and desktop appraisals on FHA single-family programs affected by COVID-19 to be extended through Aug. 31.

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Fannie Mae Provides Further Temporary Guidance on Appraisals

Filed in Housing Finance by on April 14, 2020 0 Comments
Fannie Mae Provides Further Temporary Guidance on Appraisals

In the wake of the COVID-19 pandemic, Fannie Mae has announced additional temporary guidance, including use of virtual inspections for appraisals and renovation loans, and flexibilities for condominium project reviews.

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Fannie, Freddie to Allow Desktop Appraisals on New Construction Loans

Filed in Disaster Response, Housing Finance by on March 31, 2020 0 Comments
Fannie, Freddie to Allow Desktop Appraisals on New Construction Loans

The Federal Housing Finance Agency announced several loan processing flexibilities for Fannie Mae and Freddie Mac, including allowing desktop appraisals on new construction loans.

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FHA Announces Policy Updates Related to COVID-19

Filed in Housing Finance by on March 30, 2020 0 Comments
FHA Announces Policy Updates Related to COVID-19

The Federal Housing Administration has announced new guidance for property appraisals and other policy updates due to the COVID-19 national emergency declared by the president.

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New Rule Exempts Appraisals on Certain Homes Sold for $400,000 or Less

Filed in Housing Finance by on September 27, 2019 0 Comments
New Rule Exempts Appraisals on Certain Homes Sold for $400,000 or Less

Federal regulators issued a final rule to raise the threshold from $250,000 to $400,000 for residential real estate transactions that would require an appraisal.

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House Passes NAHB-Supported Appraiser Bill

Filed in Advocacy by on September 11, 2019 0 Comments
House Passes NAHB-Supported Appraiser Bill

The House yesterday passed NAHB-supported legislation that would allow state licensed appraisers to perform Federal Housing Administration (FHA) appraisals.

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Regulators Propose Expanding Appraisal Exemption on Home Sales

Filed in Housing Finance by on November 26, 2018 3 Comments
Regulators Propose Expanding Appraisal Exemption on Home Sales

The Federal Deposit Insurance Corp., Office of the Comptroller of the Currency and the Board of Governors of the Federal Reserve have issued a proposed rule to raise the threshold from $250,000 to $400,000 on required appraisals for residential real estate transactions.

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