Evaluations for builder construction loans

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Question:

With the new $400,000 threshold increase for 1-4 family evaluations, we have decided to pursue writing them internally to remain competitive in our market. Can we do evaluations on proposed dwellings for our builder clients?

Answer:

Evaluations for proposed 1-4 family dwellings are allowed but need to be handled slightly differently than for existing units. This program discusses those differences and offers suggestions for completing them in compliance with the Interagency Appraisal and Evaluation Guidelines.
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Learn more about Eric Collinsworth’s webinar Real Estate Evaluations 101 - Supporting the Value