I had the same issue. The problem is that the appraisers are misinterpreting the guidelines. they clearly say that if the finish is the same, it should be counted as the same square footage.
They are assuming they are opting for the cautious side; but I believe it is malpractice.
I am curious if anyone has successfully challenged this "below grade" issue on a split level house?
Its clearly not basement...it was built that way.... more
Are you still evaluating your financing options? Are you open to competitve offers?
Also, has your mortgage company brought your attention to some key changes in FHA mortgage insurance that are coming in April? Mortgage insurance is not only going up but will be lasting longer. FHA may not be the most competitive option. Though we offer conforming, non-conforming and conventional loan products, due to the changes coming FHA is becoming a far less attractive option.
If you are open to other options and pricing opportunities please contact me.
Home Loan Specialist
you've eliminated Realtors and Assessors;
who's left to give us a good value?
You haven't included Apraisers.
Maybe the neighbor or the newspaper boy.
We're glad we have you keeping us advised.... more