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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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