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Sq,ft.
- Thread starter uncle sam
- Start date
Carnivore
Elite Member
- Joined
- Jan 15, 2002
- Professional Status
- Certified Residential Appraiser
- State
- North Carolina
I agree with above about f/f
selling-guide.fanniemae.com
This is important: Fannie Mae does not specify minimum size or living area requirements for properties with the exception of manufactured housing (see B4-1.4-01, Factory-Built Housing: Manufactured Housing). There should be comparable of similar size to the subject property to support the general acceptability of a particular property type.
So you may have your work cut out for you;
also
The Federal Housing Administration (FHA) doesn't have a minimum size requirement for most condos and stick-built homes. However, the FHA does require manufactured homes to be at least 400 square feet to qualify for financing.
Not sure without looking it up in 4000.1 about condo's
B4-1.3-05, Improvements Section of the Appraisal Report (09/06/2023)
This topic contains information on reviewing the Improvements section of the appraisal report form, including:
This is important: Fannie Mae does not specify minimum size or living area requirements for properties with the exception of manufactured housing (see B4-1.4-01, Factory-Built Housing: Manufactured Housing). There should be comparable of similar size to the subject property to support the general acceptability of a particular property type.
So you may have your work cut out for you;
also
The Federal Housing Administration (FHA) doesn't have a minimum size requirement for most condos and stick-built homes. However, the FHA does require manufactured homes to be at least 400 square feet to qualify for financing.
Not sure without looking it up in 4000.1 about condo's
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