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FHA Case Number Assignment Instructions NonDelegated CorrespondentPlease reference the below topics and complete all requested information, then return to VCI via email. Request a New Case Number
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What is FHA case and appraisal?
An FHA case refers to a specific loan application number assigned by the Federal Housing Administration (FHA) during the mortgage process. The FHA appraisal is an evaluation of the property's value conducted by an FHA-certified appraiser to ensure the property meets minimum standards and is worth the loan amount.
Who is required to file FHA case and appraisal?
Mortgage lenders and loan originators who are seeking FHA insurance for a mortgage must file the FHA case and appraisal as part of the loan application process.
How to fill out FHA case and appraisal?
To fill out an FHA case and appraisal, lenders need to complete the FHA case number request form, provide necessary details about the borrower and the property, and then submit it along with the appraisal report from a certified FHA appraiser.
What is the purpose of FHA case and appraisal?
The purpose of an FHA case and appraisal is to ensure that the property meets the FHA's minimum property standards, assess the property's market value for loan underwriting, and protect both the borrower and the FHA from potential financial losses.
What information must be reported on FHA case and appraisal?
Information required includes the borrower's details, property address, loan amount, appraiser's evaluation of property conditions, market value, and compliance with FHA guidelines.
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