Lender Appraisals
Feel confident and informed in your next Real Estate transaction with the appropriate appraisal. The appraisal process is critical to almost every real estate transaction. You can expect a Cabral & Company appraisal to be thorough and objective while meeting lender and regulatory requirements.
- Refinance Appraisal: The unbiased appraised value of physical property used by an owner to refinance their current mortgage to a lower payment shortened the length of the term, and/or get cash back (cash-out). This appraisal provides lenders with the value and details they need to lend the right amount of money.
- FHA Appraisal: The unbiased appraised value of the physical property for an FHA loan. Since an FHA loan comes with the protection of federal insurance, this appraisal will go beyond the market value of the property. FHA appraisals must also verify that the home meets minimum standards for health and safety.
- Rental Survey: The unbiased appraised value of the physical property with a rental analysis. This appraisal helps property owners or investors assess the rental potential of a specific property.
- Multi-Unit (2 to 4 units) Appraisal: The unbiased appraised value of the physical property where multiple separate housing units for residents are contained within one building. This appraisal includes a determination of the fair market rent of each unit. This appraisal is used for purchase, sale, refinance, or estate planning, etc.
- Fannie Mae: The unbiased appraised value of the physical property that includes justification of a property’s acceptability for the mortgage loan requested in view of its value and marketability. This appraisal is used by Fannie Mae, a lending source in the United States operating in the secondary mortgage market.
- Freddy Mac: The unbiased appraised “as-is” value of the physical property when there are minor needed repairs or deficiencies or deferred maintenance. This appraisal includes justification of a property’s acceptability for the mortgage loan requested in view of its value and repairs. This appraisal is used by Freddie Mac, a lending source in the United States operating in the secondary mortgage market.
- Raw Land Appraisal: The unbiased appraised value of land zoned residential, but that is not developed. This appraisal provides the value a land owner can make from selling the land and is useful when buying land through a loan from a lender.
- Fees: appraisal and consulting fees are quoted based on the transaction, property type, and intended use. Please call or use the contact form to get a free quote!