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$0 Appraisals on ADU? Wrong Bank!

Writer's picture: Meredith MungerMeredith Munger

Fannie Mae expressly forbids appraisers to include the square footage of a new ADU into the "Gross Living Area" of the property. That's why an average appraiser may give a $0 value to a 1200 square foot ADU.


We partnered with the Appraisal Institute to train our Appraisers on how to properly value ADU - and see the difference! #ADU#appraisal

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Green octopus, LLC
Meredith Munger
Loan Officer
NMLS 2126086

This site is for educational purposes only and does not mean you have a commitment to lend! If you want an actual estimate and commitment to lend, we need to speak with you and receive a loan application. Otherwise, all this is just a guess at what financing might work for your personal situation.

 
 
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