Maximum age for an RHS appraisal has been extended from 120 days to 150 days.
- Accessory Dwelling units are now addressed in RHS guidelines. They may be allowed based on the appraiser’s evaluation that they represent the highest and best use of the property and are not a separate single family dwelling unit.
- Additional clarification on site requirements was added to help in the underwriter’s determination as to when outbuildings and/or excess land should be considered income-producing.
4. Last two months bank statements for all accounts
Let me know your questions.
Senior Loan Officer