guest quarters?

[Mr Rex]

Yes they do.


And of course, the property may not be a 2-Family. It may be a SF with ADU, making it ineligible with a second meter. Right?

Reading comprehension prob there Anon? The part you quoted clearly says that an ADU may have a separate meter.

 

[AnonApprsr]

Reading comprehension prob there Anon? The part you quoted clearly says that an ADU may have a separate meter.

Right and FHA doesn't accept a non 2-Family to have two electric meters. But you are the FHA Expert around here, and I'll take your word over my own.

 

[Michael Tipton]

Yes they do.


And of course, the property may not be a 2-Family. It may be a SF with ADU, making it ineligible with a second meter. Right?

Wrong, reread the last sentence. FHA does not take the position that an appraiser should conclude the presence of two electric meters necessarily constitute a two dwelling unit structure and not an ADU

 

[AnonApprsr]

Ok.... where does that say anything about FHA accepting a SF with ADU with two electric meters? What are you talking about? That sentence is FHA's advice on an appraiser and what conclusions they make. It has nothing to do with FHA Eligibility on a SF with ADU with 2 electric meters.

 

[BOCK FOLKEN]

Ok.... where does that say anything about FHA accepting a SF with ADU with two electric meters? What are you talking about? That sentence is FHA's advice on an appraiser and what conclusions they make. It has nothing to do with FHA Eligibility on a SF with ADU with 2 electric meters.

Maybe this will help. In an effort to define any ADU, I also look for these things in addition to the secondary metered utility services.

1. A separate and distinct entrance from the exterior which can be used to enter and exit the ADU without going through any part of the main dwelling.
2. The ability to close off the ADU making it impossible to enter or exit the ADU from the main dwelling without the permission of the ADU tenant (for example a door with a separate lock). If the access is totally open to the main dwelling and cannot be closed off, then it is probably not an ADU.
3. The ADU is currently occupied by a tenant unrelated to the owner/borrower.

dont forget, we are the lender's eyes and ears. FHA is saying to use your best judgement.

bock

 

[Michael Tipton]

Ok.... where does that say anything about FHA accepting a SF with ADU with two electric meters? What are you talking about? That sentence is FHA's advice on an appraiser and what conclusions they make. It has nothing to do with FHA Eligibility on a SF with ADU with 2 electric meters.

Where does it state in any published FHA manual that an adu cannot have an independent/seperate power meter? Please post the manual number, section and line(s) reference.

What has been posted states an adu can have it's own independent power meter. :Eyecrazy:m2:

 

[AnonApprsr]

I was simply stating what you wrote didn't say what you kept implying it did. 'Tis all.

Oh and this is what FHA says:

Utility Service Requirements

An accessory apartment must be connected to the utilities (except telephone, television and cable) of the dwelling unit and may not have separate services.

So uh yeah... keep banging your head bro.

 

[Michael Tipton]

I was simply stating what you wrote didn't say what you kept implying it did. 'Tis all.

Oh and this is what FHA says:



So uh yeah... keep banging your head bro.

Your call. I will take the recently published FHA FAQ as published (10/19/2009), no headbangin' required.

2. If the Accessory Dwelling Unit is on a separate electric meter does it then become a 2-unit property?​

An accessory dwelling unit may or may not have separate electrical service. ....FHA does not take the position that an appraiser should conclude the presence of two electric meters necessarily constitute a two dwelling unit structure and not an ADU.

http://www.HUD.gov/offices/hsg/sfh/appr/aprval.pdf

 

[AnonApprsr]

That's not what your quote is saying. At all. I'm sorry, you're the one who needs reading comprehension, brah. I read your quote and it doesn't say:

FHA ACCEPTS SINGLE FAMILY PROPERTIES WITH ADUs THAT HAVE SEPARATE ELECTRIC SERVICE.

Does it? Because my quote says they don't. Keep head banging, maybe the words will rearrange themselves!

 

[Mike Boyd]

From what I have read on page 7 of the PDF, I am dealing with an accessory dwelling unit. I guess my question is how I treat that within the report. Am I to indicate the GLA of the main unit, less the ADU, and give separate value for this attached "in-law apartment"? It also indicates within the same section that the appraiser is to determine whether or not the adu is a second dwelling unit. I do not understand the distinction between the two.

separate electric/gas/water meters might mark it as a 2nd dwelling unit. However, direct access to the main house would seem more like an in-law or servant quarters. Your call.