Navy FCU

[Dublin ohio]

I don't guess. I look at all the information and decides which is most likely true figures for subject.
You wouldn't know because you would have to think. USPAP can't help you on that.

You're right, I don't have to think, it's automatic. I can sense BS from a mile away. In you case I can sense it half a continent away

 

[Fernando]

You're right, I don't have to think, it's automatic. I can sense BS from a mile away. In you case I can sense it half a continent away

Obviously you have bad sense.

 

[Digger88]

No one unless special cases get a 95% LTV. No skin in the game and if foreclosed, lender deserved the risk taken.

Wait until he hears about 100% LTV VA financing

 

[Digger88]

When you don't depend on appraisal as your main income, you can be selective in choosing assignments with better fees.

or do them properly I guess

The requirement to verify comparable sales in USPAP falls under Standards Rule 1-4, which states that in developing a real property appraisal, an appraiser must collect, verify, and analyze all information necessary for credible assignment results

 

[Fernando]

Wait until he hears about 100% LTV VA financing

I give a pass for Veterans. We and the government owe a lot to them.

 

[Fernando]

or do them properly I guess

The requirement to verify comparable sales in USPAP falls under Standards Rule 1-4, which states that in developing a real property appraisal, an appraiser must collect, verify, and analyze all information necessary for credible assignment results

On contrary, Nando has more skin in the game than most appraisers. E&O isn't enough to cover his assets so he has to do good appraisals.

 

[Andee]

Normal purchase of 5% down is not normal.

As someone that has a VA loan, you can certainly have a VA loan with 95% LTV. VA will fund up to 100%, you pay a VA funding fee, which gets lumped into the loan, unless you are a Disabled Vet. The VA guarantees the first 20% of the LTV, which is why they do what is called a VA No/No (No down, No closing costs). If you choose to have a VA loan and put cash down of 5%, the VA will still guarantee up to the first 20%. All Arms Length Transactions. Additionally, Navy FCU, which is who my VA loan is through, has more than just VA loans, they have extremely low/no down conventional loans for members who do not qualify for a VA loan and don't want an FHA loan. For example, my husband was the service member, our daughter has an account through Navy FCU making her a member, but because she nor her husband served, they can have an account through Navy FCU, but will never be eligible for a VA Loan, so they went FHA through Navy FCU. And FHA only requires 3.5% down.

 

[sputnam]

If a property owner puts a for sale sign in their front yard and is willing to sell to anyone who can pay, the property was exposed to the market.