CaliforniaSD
Sophomore Member
- Joined
- Mar 11, 2022
- Professional Status
- Certified Residential Appraiser
- State
- California
Is CubiCasa acceptable for FHA appraisal?
Maybe for condos?HUD/FHA requires outside measurements be used. CubiCasa uses interior measurements
Just did an FHA and did inside walls, its a condo.No, FHA does not want the inside wall Dims, that is what CC would give you
Also, FHA does not require ANSI or to the Inch crap
Many FHA Appraisers still round to the 1/4 foot (3 inches)
So, no, don't pay for a Floor Plan, there is no need
Yes, typically CONDO Reports use Inside Dims and always haveJust did an FHA and did inside walls, its a condo.
CubiCasa requires you upload appraisal information to a third party for processing. This might violate client confidentiality, so we don't use it.Is CubiCasa acceptable for FHA appraisal?
Yea. But in the regions we cover (11 counties) the courthouses round their measurements to the nearest foot, as do listing agents (if they measure at all), so comparing our ANSI measurements of a tenth of a foot to theirs is comparing apples to oranges. And we can't measure each comparable for every appraisal, we have to go by the courthouse records (accuracy unknown).I've had a ton of condos that were 1080 sf. All the listings said, 1080 sf, assessor records said 1080 sf, if I measured it to unfinished surfaces, it was close to 1080 sf, so in the grid when I was comparing comparables I used 1080 sf. Being consistent across the board has the benefit of consistency.