For lenders seeking solutions beyond traditional appraisals, NAN offers a variety of Specialty Appraisal products so you can always choose what best suits your collateral underwriting needs. 

What Specialty Appraisal Products Does NAN offer?

New Construction Appraisal

A new construction appraisal is an appraisal completed by examining the estimated value of the home using the home plans and specifications and comparing them to nearby comparable sales.

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Private Money Appraisal

Many private lending companies are groups of investors who pool their capital to finance loans. The application requirements may differ from traditional lenders.

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REO Appraisal

An REO (Real Estate Owned) property has already gone through the foreclosure process and the mortgage lender or bank has taken ownership of it as a result of a failed foreclosure sale.

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Renovation Appraisal

Renovation loan allows borrowers to buy the home they want and pay for their desired renovations and repairs all under a single loan. This applies to Fannie Mae Homestyle Renovations Mortgage, FHA 203 (k) Rehab Loan and Freddie Mac CHOICERenovation®.

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Retrospective Appraisal​

A retrospective appraisal is an appraisal performed at the present time with an effective date as of a date in the past. Value is developed and supported from historic data relative to the time frame of the effective date of the appraisal. Click below to learn more. 

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Review Appraisal

An appraisal review, as the name indicates, is an evaluation of an appraisal report, which ensures that it complies with USPAP and is a general part of a quality control and risk management program for the lender.

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Reverse Mortgage Appraisal

A reverse mortgage is a financial agreement in which a homeowner relinquishes equity in their home in exchange for regular payments, typically to supplement retirement income. A complete FHA appraisal is required to obtain a reverse mortgage.

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Commercial Appraisal​

Before real estate investors receive approval for a loan to buy any type of commercial real estate, they need to attain a commercial real estate appraisal. A Commercial  appraisal is a value assessment on an income-generating property.

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