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FHA Adjustments

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App601

Junior Member
Joined
Sep 7, 2014
Professional Status
Certified General Appraiser
State
Puerto Rico
This is a simple question
Does FHA allows lineal adjustments to exceed 10% and of course explaining it Or simply does not allow it
 

J Grant

Elite Member
Joined
Dec 9, 2003
Professional Status
Certified Residential Appraiser
State
Florida

GA Benny

Junior Member
Joined
Oct 19, 2007
Professional Status
Certified Residential Appraiser
State
Georgia
There is no such loan program anywhere that does not allow a supported adjustment regardless of the percentage. However, if it is more than 10%, it might be a pretty good idea to explain your rationale.
 

RSW

Elite Member
Joined
Feb 18, 2002
Professional Status
Certified Residential Appraiser
State
Tennessee
I can't believe that a CG appraiser would ask such a question. I guess it could be that the OP does not do residential appraisals.
 

Don Clark

Elite Member
Joined
Jan 17, 2002
Professional Status
Certified Residential Appraiser
State
Virginia
I can't believe that a CG appraiser would ask such a question. I guess it could be that the OP does not do residential appraisals.

Why would a CG be any different that a CRA or a LA? Do I detect some form of discrimination?

For the record, Fannie did away with the 10-15-24% "guidelines". Any adjustment could possible need an explaination.

I don't appraise on any basis except a need to define what a particular line item is in referrence to the market.
 

Don Clark

Elite Member
Joined
Jan 17, 2002
Professional Status
Certified Residential Appraiser
State
Virginia
This is a simple question
Does FHA allows lineal adjustments to exceed 10% and of course explaining it Or simply does not allow it

Welcome to the forum, There are no bad questions to ask. Sometimes there are bad answers. RSW usually is much more kind, knowledgeable, and friendly. Must be some of that Tennessee "shine" got the best of him.:rof:
 

A K

Elite Member
Joined
Jul 31, 2013
Professional Status
Certified Residential Appraiser
State
Maryland
I don't think FHA or anybody else can tell the appraiser what percentage a adjustment must be. That would be unacceptable assignment condition.
 

RSW

Elite Member
Joined
Feb 18, 2002
Professional Status
Certified Residential Appraiser
State
Tennessee
Why would a CG be any different that a CRA or a LA? Do I detect some form of discrimination?

For the record, Fannie did away with the 10-15-24% "guidelines". Any adjustment could possible need an explaination.

I don't appraise on any basis except a need to define what a particular line item is in referrence to the market.


For the record, Fannie always allowed for adjustments exceeding 10-15-25 as long as they were explained. I never worried about my adjustments being above those guidelines when they were in effect. By the way, Fannie never had a 10% requirement. The FHA did and still do. They also have a 15 and 25 guideline, also. Just explain why it would not be followed.

As for the CG vs a CRA or LA? I agree. I know of a few CRAs that have no clue what they are doing.
 

djd09

Elite Member
Joined
May 20, 2009
Professional Status
Licensed Appraiser
State
Ohio
Kind of a strange question from a CG.

It is better then how to become competent in residential, even though it pretty much is along the same line.
 
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