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Refinance > Assessment Upgrade

The following information is about Assessment Upgrade.

Assessment Upgrade Defined

Approved recommendation from an appraiser that you must use a more comprehensive type of assessment. An example of an upgrade recommendation includes any adverse/atypical findings or other atypical property or neighborhood condition observed by the appraiser. You must also upgrade an assessment when its value does not support the loan transaction; the appraiser is unable to view the subject property from the public street; the assessment is "subject to" completion; or repair or property rights are leasehold.

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Off-site Assessment Upgrade Links, User Submitted

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Fri Apr 25

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