Beth's Blog - Archives April, 2008

Channels
Consumer
Professional
States
USA
- AL
- AK
- AZ
- AR
- CA
- CO
- CT
- DE
- DC
- FL
- GA
- HI
- ID
- IL
- IN
- IA
- KS
- KY
- LA
- ME
- MD
- MA
- MI
- MN
- MS
- MO
- MT
- NE
- NV
- NH
- NJ
- NM
- NY
- NC
- ND
- OH
- OK
- OR
- PA
- RI
- SC
- SD
- TN
- TX
- VI
- UT
- VT
- VA
- WA
- WV
- WI
- WY
Canada
- AB
- BC
- MB
- NB
- NL
- NT
- NS
- NU
- ON
- PE
- QC
- SK
- YN

Home : Blogs : Beth Bastian Simi Valley Real Estate : Beth's Blog : Archives April, 2008

FHA appraisal requirements - 04/04/08 12:28 PM

FHA announces new appraisal requirements this week. Borrowers will have to have two appraisals if they meet the following criteria’s:

The loan amount, excluding the upfront mortgage insurance premium, will exceed $417,000, and
The LTV excluding upfront MIP, equals or exceeds 95%, and
The property is determined as being in a declining market.

How is a declining market determined?

By the appraiser: The appraisal report requires the appraiser to indicate if the property is located in a declining area in both the neighborhood section of the appropriate appraisal form as well as in the housing … (3 comments)

Related Links:

New members in April, 2008

Beth Bastian Simi Valley Real Estate

Simi Valley, CA

More about me…

Rosemont Financial Inc

Cell Phone: (805) 857-0484

Email Me

A place where I talk about all that is real estate, from selling homes to refinancing them.

Links

Archives

Find CA real estate agents and Simi Valley real estate on ActiveRain.

Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.