Construction and New Homes:
General Requirements

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Chapter 1
Appraisal and Property Requirements
Page 1-08c

Appraisals/Appraisers

The lender must provide the appraiser with the following documents. If not provided return the incomplete appraisal to the lender:

Builder’s Plans, Specifications and Construction Documents

	Plot Plan (including dwelling and accessory buildings, finish grade elevations and direction of drainage)
	Floor plan (separate foundation plan and plan of each floor and basement, if any)
	Kitchen cabinet details
	Electrical layout
	Heat layout (ductwork and location of all vents)
	Heat loss calculations
	Cooling system layout
	Exterior elevations (front, side and rear)
	Sections (exterior wall sections, stairwells, and stairs)
	Fireplace section and elevations
	Roof truss details
	Water supply plans and specifications
	Sewage system plans and specifications
	Individual water supply and sewage disposal systems, if applicable
	Description of materials HUD Form 92005 (This form is a six part .pdf file: p.1, p.2, p.3, p.4, p.5, p.6)

Completed Builder’s Certification (Form HUD-92541) signed and dated no more than 30 days prior to the date the appraisal was ordered.

All reports and available information (i.e. sales agreement, title report, environmental reports or studies and inspection reports).

Note: Appraisers must receive a fully executed Form HUD-92541, Builder’s Certification of Plans, Specifications, & Site, before performing the appraisal on proposed, under construction or less than one year old properties. Appraisers must review Item 1 on the form and note in the Appraisal Report any discrepancies between the information in Item 1 and the actual conditions observed on site. The lender is responsible to address any yes answer in Item 1.

Lender Required Documents - for proposed, under construction and existing less than one year old properties (4145.1 Appendix 11):

	Complete appraisal package or Master Appraisal Report (MAR)
	Form HUD-92544, One Year Builder’s Warranty
	Form HUD-92541, Builder’s Certification
	A complete set of architectural drawings, plans and specification as noted above. (These are to be kept in the lender’s files and will not be submitted with the case binder when requesting endorsement.)
	Termite forms of the National Pest Control Association, NPCA 99a and NPCA 99b (where applicable) (Mortgagee Letter 99-3.)
	Early start letter or ten year warranty as applicable.
	Applicable inspections and/or certifications
	Any other additional/appropriate submissions required in satisfying FHA requirements which may include, but are not limited to the FHA Data Sheet 79G; a LOMA/LOMR or elevation certificate (Refer to Mortgagee Letter 99-34, dated November 16, 1999) regarding flood plains, well water tests, local health authority approval for individual water and sewer systems, etc.

Note: Unless otherwise indicated, above listed items are to be included in the endorsement case binder. Also, Mortgagee Letter 99-34 IS NOT applicable for condominium projects in any capacity.

Construction Menu

	Introduction
	Construction Definitions
	General Requirements
	Minimum Property Standards
	Subdivision Approvals
	Final Inspection on Properties