Form HUD 91322 HUD 91322 Master Appraisal Report (MAR)

OMB Approval No. 2502-0493 (Exp. 03/31/2009)

U.S. Department of Housing
and Urban Development
Office of Housing
Federal Housing Commissioner

Master Appraisal Report
(MAR)

Public reporting burden for this collection of information is estimated to average 30 minutes per response, including the time for reviewing instructions, searching
existing data sources, gathering and maintaining the data needed, and completing and reviewing the collection of information. This information is required to obtain
benefits and voluntary. HUD may not collect this information, and you are not required to complete this form, unless it displays a currently valid OMB control number.
Section 203 of the National Housing Act authorizes the Secretary of the Department of Housing and Urban Development to insure mortgages on an application by an
approved mortgagee for appraisal. The Master Appraisal Reports permit the listing of models covering types of individual homes proposed for construction. The
information collection sets forth the general and specific conditions that must be met before HUD can endorse a Firm Commitment for mortgage insurance. The
information collection is prepared by participating lenders working with developers. HUD has eliminated the need to have a separate Master Appraisal Report on
individual properties, now the report can cover up to five or more models within a specific subdivision. While no assurances of confidentiality are pledged to respondents, HUD generally discloses this data only in response to a Freedom of Information request.
1.

HUD Mortgagee Number

2. MAR Number

Section A. General
3. MAR for Mortgage Insurance of a Group of Proposed Construction
Properties Under The National Housing Act:
Section 203(b)
Section (specify) ______________________
5. Name and Address of Lender

4. Name and Location of Project
VA or FmHA Approved
Improved Area

Builder Certification

6. Name and Address of Builder

For DE Use Only
7. Issued

Expires

Includes Attachment 1
which contains alternates or
variations

8. Signature of DE Underwriter

9. Property Data
House
Type

ID #

10. Monthly Expense Estimates*
Improved
Living Area

Estimate
of Value

Maximum
Mtg. Amt.

Closing
Costs (Est.)

Fire
Insurance

Taxes

Homeowners
Association
Charge

* The estimates of fire insurance, taxes, homeowners association charge and closing costs are furnished for lender's and borrower's information.
These estimates must be used to prepare form HUD-92900, Application for Mortgage Credit Analysis.
Section B. Information
General Conditions

Specific Commitment Conditions (Applicable when checked)

1. Maximum Mortgage Amount and Term:
1.
(a) Occupant Mortgagors. Mortgage amount and terms assume satisfactory owner-occupant borrower(s). They may be changed depending upon
rating of borrower, his/her income and credit.
(b) Changes. Direct Endorsement (DE) Underwriter may, after reviewing any
pertinent information, change the mortgage amount and term.
2. Approval of Borrower. A determination for approval will be based upon 2.
receipt of acceptable application for mortgage credit analysis.
3. Validity Period. This document expires twelve months from the date of 3.
issuance and includes all "proposed" construction, "under-construction",
and "existing' properties less than 1 year old.
4. Proposed Construction Definition. This document or an "early start" letter
must be issued before beginning construction (placing a foundation), otherwise lower loan-to-value financing will be applied and maximum mortgage
amounts reduced accordingly unless construction exhibits are certified by
builder as meeting applicable Codes and HUD requirements and are covered
by a HUD approved insured 10-year protection (warranty) plan. A shorter
period may be imposed by the DE Lender if the insuring risk is increased.
5. Cancellation may occur after 60 days from date of issuance if construction
of dwellings has not begun.
6. Property standards. All construction proposed in the application or on the
construction exhibits returned herewith must equal or exceed applicable
Codes and HUD requirements.
For HUD Use Only: for concurrence of Direct Endorsement Processing of a
Master Appraisal Report. If signed, this may be considered a HUD conditional
commitment for conversion to Department of Veterans Affairs.
Previous edition is obsolete

Submit the following applicable information:
Builder Certification. (also required in areas with insufficient government controls for development as designated by the Field Office
Improved Area: Furnish a statement from local government authority that
it has accepted, or will accept, for continuous maintenance streets, water
and sewerage systems, and will provide other public services.
Builder's Warranty
Builder must execute form HUD-92544. Provide to purchaser at closing.
Property Inspections.
Builder or mortgagee must notify assigned inspector as stated below.
Unless instructed otherwise, builder may proceed with construction uninterrupted after adequate notification.
Name of Fee or Staff Inspector:
Telephone:
(a) Initial Inspection. Required before "beginning of construction" with
forms in place. Give two workdays' notice to Inspector.
(b) Frame Inspection. Required when building is enclosed and framing,
plumbing, heating, electrical and insulation is complete and visible. Give
one workday notice to inspector.
(c) Final Inspection. Required when construction is complete and property is ready for occupancy.

Signature of HUD Authorized Agent

Page 1 of 2

Date

form HUD-91322 (01/2003)
ref Handbook 4115.3

Section B. Information (cont.)
4.

Manufacturers Warranties must be provided covering Heating/Cooling systems (i.e., Hot Water Heater, Appliances, etc.)

Specific Conditions: (Applicable when checked):
Health Authority Approval. Local Health Authority must complete
form HUD-92573 indicating acceptable installation of individual water
supply and/or sewage disposal system. (Approval letter or Health
Authority form may be used.)

Insulation Certificate must be posted in a conspicuous location in the
dwelling.
The HUD accepted Insured Ten-year Protection (Warranty) Plan must
be excecuted between builder and homebuyer.

Prefabricator's Certificate. Lender must provide when required by
related Structural Engineering Bulletin, Regional Letter of Acceptance
and/or Categories I, II or III for manufactured housing.

Certificate of Occupany or Letter of Acceptance from local authority
must be submitted with closing papers, when only a final inspection is
required.

Termite Control. If soil poisoning is used, furnish original and two
copies of form HUD-92052, Termite Soil Treatment Guarantee.

See attached sheet of additional requirements.

Carpet Identification (as listed in Certified Products Directory) and
manufacturers recommended maintenance program must be provided
to homebuyer.

Other:

Section C. Schedule of Properties
Case
Number

Lot and
Block

Previous edition is obsolete

House Type

Lot Value
Adjustment

Case
Number

Page 2 of 2

Lot and
Block

House Type

Lot Value
Adjustment

form HUD-91322 (01/2003)
ref Handbook 4115.3