Hud 54114 2025

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The document is a form used by Direct Endorsement Underwriters and HUD reviewers to analyze appraisal reports for properties involved in FHA loans. It includes sections for evaluating the appraisal's consistency, quality, comparables, adjustments, and overall value for loan purposes. The form requires input on various aspects of the appraisal and includes spaces for signatures from the underwriter and HUD reviewer.

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Click ‘Get Form’ to open the HUD 54114 in the editor.
Begin by entering the Borrower's Name, FHA Case Number, and Property Address in the designated fields. Ensure accuracy as this information is crucial for identification.
Next, input the Lender Loan Number and Appraiser's Name. Following that, provide the Appraiser's Estimate of Value in dollars.
Respond to question 1 regarding the appraisal report's analysis by selecting 'Yes' or 'No'. If 'No', provide an explanation in the space provided.
For question 2, comment on the report’s quality and completeness. This section allows you to express any concerns or affirmations about the appraisal.
Continue with questions 3 through 5, answering whether comparables are acceptable and if adjustments are appropriate. Provide justifications where necessary.
Fill out Repair Conditions and Other Comments sections as needed. Finally, enter your name, CHUMS Number, date, and signatures for both DE Underwriter and HUD Reviewer.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Is HUD considered federal Housing assistance?

There are approximately 970,000* households living in public housing units, managed by some 3,300 HAs. The U.S. Department of Housing and Urban Development (HUD) administers Federal aid to local housing agencies (HAs) that manage the housing for low-income residents at rents they can afford.

Will HUD accept lower offers?

But they do not give their properties away just to get rid of them. HUD is more likely to accept lower offers on homes that fell out of contract before. Sometimes the relisting of a HUD Home triggers a price reduction as well as a change from insured with escrow to uninsured.

How to win a bid on a HUD home?

Utilize the following Ideas to Help Win a HUD Bid: Try to bid at the end of the month preferably the last Thursday of the month. Uninsured properties tend to go at lower prices than Insured properties. Properties breaking 30 day periods like 30/60/90/120 have the greatest threshold points.

How to make an offer on a HUD home?

Submitting HUD offers is the easiest thing in real estate. You dont even have to do any paperwork or sign anything. Just tell your agent a few numbers and youre done. If you think submitting a HUD offer is an ordeal you shouldnt be anywhere near this business.

How to negotiate with HUD?

Can I negotiate purchase price on a HUD home? Theres no negotiation on HUD homes. HUD is perfectly happy to let the home sit on the market for 5 or 9 months if they dont get a net offer that checks their boxes , which is generally understood to be list price minus a 5% seller credit for closing costs.

What is the HUD-1 now called?

The Closing Disclosure (CD - formerly the HUD-1 Uniform Settlement Statement) is a three-page, government-mandated form that details the costs associated with a real estate transaction. The borrower should receive a copy of the CD at least one day prior to the closing.

Is the HUD appraised value disclosure required?

This form is required by law. It is a Statement of Appraised Value that borrowers who will be using HUD-insured financing must receive prior to the purchase of the property.

Hud 54114 2025

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