FHA Single Family Housing Policy Handbook 4000.1, Part II — b. Required Documentation for Underwriting the Property (08/19/2024)

FHA Single Family Housing Policy Handbook 4000.1, Part II — b. Required Documentation for Underwriting the Property (08/19/2024)

b. Required Documentation for Underwriting the Property (08/19/2024) If additional inspections, repairs, or certifications are noted by the appraisal or are required to demonstrate compliance with Property Acceptability Criteria, the Mortgagee must obtain evidence of completion of such inspections, repairs, or certifications, and include the repair cost estimate. If the Appraiser is being utilized to provide evidence of completion of repair(s) or condition(s) noted in the original appraisal report, Fannie Mae Form 1004D/Freddie Mac Form 442, Appraisal Update and/or Completion Report, Certification of Completion must be used. c. Form HUD-92800.5B, Conditional Commitment Direct Endorsement Statement of Appraised Value (08/19/2024) Form HUD-92800.5B, Conditional Commitment Direct Endorsement Statement of Appraised Value, provides the terms upon which the commitment/direct endorsement statement of appraised value is made and the specific conditions that must be met before HUD can endorse a Firm Commitment for mortgage insurance. The underwriter must complete form HUD-92800.5B as directed in the form instructions. The Mortgagee must provide a copy of the completed form HUD-92800.5B to the Borrower. 5. Performing the Financial Assessment of the Borrower

Source: FHA Single Family Housing Policy Handbook 4000.1, Part II — b. Required Documentation for Underwriting the Property (08/19/2024) · source URL · snapshot 8c03836f77f317e1