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  • Hud Appraised Value Disclosure

Get Hud Appraised Value Disclosure

HUD APPRAISED VALUE DISCLOSURE Loan Number: Lender: GMH Mortgage Services LLC 2993000000 Borrower(s): Property Address: I (We) understand that my (our) application for a FHAinsured mortgage is being.

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How to fill out the Hud Appraised Value Disclosure online

Filling out the Hud Appraised Value Disclosure is an important step in the FHA-insured mortgage application process. This guide will help you understand each section of the form and offer clear, step-by-step instructions for completing it online.

Follow the steps to successfully complete the Hud Appraised Value Disclosure

  1. Click ‘Get Form’ button to obtain the form and open it in the editor.
  2. Enter the loan number in the designated field. This number is crucial as it identifies your application within the lender’s system.
  3. Fill in the lender's name, which in this case is GMH Mortgage Services LLC, along with their respective identifier.
  4. Provide the names of all borrower(s) in the specified section. Ensure that each name is spelled correctly for accurate processing.
  5. Input the property address where the purchased property is located. Accurate property details will help in verifying your application.
  6. Acknowledge that you understand your FHA-insured mortgage application is under the Direct Endorsement program. To do so, check the box or provide the necessary confirmation, such as by marking your initials.
  7. Enter the appraised value assigned to the property. This essential information reflects the estimated value conveyed by the appraiser.
  8. Read and understand the implications regarding the value determination by the DE underwriter, including the options available to you if the value is revised.
  9. Sign and date the form as borrower(s). Make sure to include the correct date for record-keeping.
  10. Once all fields are completed, save changes, download, print, or share the form as needed to complete your application process.

Complete your Hud Appraised Value Disclosure online today to progress in your mortgage application.

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The Conditional Commitment / Direct Endorse- ment Statement of Appraised Value (Form HUD- 92800.5B) sets forththe terms upon which the commitment/direct endorsement statement of appraised value is made and the specific conditions that must be met before HUD can endorse a Firm Commitment for Mortgage Insurance.

If A House Is Appraised Higher Than The Purchase Price It simply means that you've agreed to pay the seller less than the home's market value. Your mortgage amount does not change because the selling price will not increase to meet the appraisal value.

The appraised valuation is arrived at to determine the maximum mortgage the Department of Housing and Urban Development will insure. HUD does not warrant the value nor the condition of the property. The purchaser should satisfy himself/herself that the price and condition of the property are acceptable."

If FHA feels that the appraisal is not adequate or the value is overstated, they will require that the lender obtain a second appraisal from a different appraiser working for a different company – prior to approving the loan.

The intended use for an REO appraisal is to estimate the “as is” market value of the property in order to provide a basis for determining the listing price of the property for marketing purposes.

If your appraised value is lower than the agreed upon sales price, you'll have to make up the difference in cash, or cancel the deal. There's no reason to panic if your appraisal comes in lower than you expect it to, though.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Help Portal
Legal Resources
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
altaFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232