What Can SAMCO Do for You as Your Residential Real Estate Appraisal Management Company?
What Can SAMCO Do for You as an AMC for Your Mortgage Company?
What Can SAMCO Do for You as Your FHA Appraisal Management Company?
How Do General Residential and Real Estate Appraisals Work?
A real estate appraisal is a situation where a professional appraiser determines the value of a property. The property could be anything from a vacation condo to your borrowers dream home. There are a number of reasons why someone may need their property appraised, including a purchase, tax assessment, or refinance.
How Do Mortgage Appraisals Work?
A mortgage appraisal is made by a bank or other lending institution to determine the value of a property they are considering offering a mortgage for. It’s important that the lender get an accurate appraisal of a property’s value, as this is what allows them to set the proper loan amount and terms.
How Do FHA Appraisals Work?
When someone is trying to get an FHA loan to buy a home, federal regulations require that a HUD-approved appraiser inspect the property. Not only does the HUD appraiser assess the property’s value, but he or she also must assess whether or not the home meets HUD minimum health and safety standards.