Chapter
1 Appraisal
and Property Requirements Page
1-08c 1.
Appraisals/Appraisers:
The
lender must provide the appraiser with the following documents. If not provided
return the incomplete appraisal to the lender:
- Builder's plans, specifications and construction documents
- The
lender should provide a complete set of the approved plans and specifications
the builder submitted to the local building authority to obtain the building permits.
- In
the event the property is located in a jurisdiction that does not approve plans
then the following documents are required:
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Plot Plan
(including dwelling and accessory buildings, finish grade elevations and direction
of drainage) |
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Floor
plan (separate foundation plan and plan of each floor and basement, if any) |
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Kitchen
cabinet details |
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Electrical
layout |
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Heat
layout (ductwork and location of all vents) |
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Heat
loss calculations |
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Cooling
system layout |
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Exterior
elevations (front, side and rear) |
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Sections
(exterior wall sections, stairwells, and stairs) |
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Fireplace
section and elevations |
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Roof
truss details |
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Water
supply plans and specifications |
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Sewage
system plans and specifications |
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Individual
water supply and sewage disposal systems, if applicable |
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Description
of materials HUD Form 92005
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4.
Completed Builders Certification (Form
HUD-92541) signed and dated no more than 30 days prior to the date the appraisal
was ordered. 5.
All reports and available information (i.e. sales agreement, title report,
environmental reports or studies and inspection reports). Note:
Appraisers must receive a fully executed Form
HUD-92541, Builders Certification of Plans, Specifications, & Site,
before performing the appraisal on proposed, under construction or less than one
year old properties. Appraisers must review Item 1 on the form and note in the
Appraisal Report any discrepancies between the information in Item 1 and the actual
conditions observed on site. The lender is responsible to address any yes answer
in Item 1. 2.
Lender Required Documents: for proposed, under construction and
existing less than one year old properties. Please see: HUD Handbook
4145.1 Appendix 11 and HUD
Mortgagee Letters 1995-11, 2001-27,
and 2005-09.
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Complete
appraisal package or Master Appraisal Report (MAR) |
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Form HUD-92544,
One Year Builders Warranty |
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Form HUD-92541,
Builders Certification |
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d.
A complete set of architectural drawings, plans and specifications as noted above.
If the property is not processed and closed under the guidance of Mortgagee
Letter 2001-27, see Mortgagee
Letter 2005-09. (These are to be kept in the lender's files and will not be
submitted with the case binder when requesting endorsement.) |
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Termite
forms of the National Pest Control Association, NPCA
99a and NPCA 99b (where
applicable) Please see: HUD Mortgagee
Letter 1999-03, 2001-04
and 2003-11. |
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Early
start letter or ten year warranty as applicable. |
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Applicable
inspections and/or certifications (Engineer Certification on Manufactured Home
foundation). |
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Any
other additional/appropriate submissions required in satisfying FHA requirements
which may include, but are not limited to the FHA Data Sheet 79G; a LOMA/LOMR
or elevation certificate (Refer to HUD Mortgagee Letter
1999-34) regarding flood plains, well water tests, local health authority
approval for individual water and sewer systems, etc. |
Note:
Unless otherwise indicated, above listed items are to be included in the endorsement
case binder. Also, Mortgagee Letter
1999-34 IS NOT applicable for condominium projects in any capacity. Construction
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