Despite the rate increases, we had some great news yesterday. The imposition of HVCC guidelines on FHA Appraisals has been delayed for another 45 days (to Feb. 15th). This is extremely good news, as we have literally “saved” at least 25 deals in the last 12 months solely and only because we were able to use our OWN competent appraisers for FHA purchases. Many of those deals were actually conventional financing cast-offs that had been killed by negligent appraisers.
If you have a tough deal in need of a good appraiser, switch it to FHA and send it our way. We have myriad references who will readily attest to our ability to close these deals.
Founder/Broker | JVM Lending
(855) 855-4491 | DRE# 1197176, NMLS# 310167