- Oct 30, 2008
- Professional Status
- Certified Residential Appraiser
So I am pretty well versed on the protocall to take when asked if a conventional loan appraisal be changed to an FHA. Is it the same with USDA? I am assuming so, and I know I will be ask tomorrow, so I want to make sure. Typically I explain that it cannot be done due to the FHA case number has to preceed the inspection date, therefore a new effective date would have to be established and my job starts all over again. The USDA ED was about 2 months ago. Same lender, buyer, sales price, etc., just new loan. The property got hung up on having a guest cottage which USDA would not accept.