VA Cost Approach required for Manufactures Homes?

[kelsey]

Does Veterans Administration require a cost approach?

 

[glenn walker]

Does Veterans Administration require a cost approach?

What's your handbook say ?

 

[Terrel L. Shields]

 

[Digger88]

View attachment 102519

We don't have these here but I see why they'd want them. I used to do them until I was told not to so I haven't done one in many years

 

[Person of Noninterest]

View attachment 102519

Can you provide a link to this document in full?

 

[Terrel L. Shields]

Can you provide a link to this document in full?

VA does not require a cost approach - FHA does, but this is what they do require which I believe is basically what FNMA and Freddy require

https://www.benefits.VA.gov/homeloans/documents/circulars/26_06_04.pdf

 

[Person of Noninterest]

VA does not require a cost approach - FHA does, but this is what they do require which I believe is basically what FNMA and Freddy require

https://www.benefits.VA.gov/homeloans/documents/circulars/26_06_04.pdf

I would be inclined to think the more recent guidance should take precedence. From the latest Lenders Handbook:

 

[Terrel L. Shields]

Do you... what you think works. Simple question. How can you estimate the adjustments for the land without land sales for the subject AND the comps?