PAS Property Appraisal Summary

To provide high-level information about the property valuation

Position: PAS-01 · Element: 1077 · Name: Property Value Estimate Type Code · Type: Identifier (ID) · Requirement: Mandatory · Min: 1 · Max: 1 · Repeat: 1

Code indicating the type of property value estimate

PAS01 defines the type of property valuation used.

Position: PAS-02 · Element: 522 · Name: Amount Qualifier Code · Type: Identifier (ID) · Requirement: Mandatory · Min: 1 · Max: 3 · Repeat: 1

Code specifying the amount qualifier

PAS02 qualifies the type of appraisal amount given in PAS03.

Position: PAS-03 · Element: 782 · Name: Monetary Amount · Type: Decimal number (R) · Requirement: Mandatory · Min: 1 · Max: 18 · Repeat: 1

Monetary amount

PAS03 is the estimate of the property value.

Position: PAS-04 · Element: 782 · Name: Monetary Amount · Type: Decimal number (R) · Requirement: Conditional · Min: 1 · Max: 18 · Repeat: 1

Monetary amount

P0405: If either PAS-04 or PAS-05 is present, then the other is required

PAS04 is the estimated cost of property improvements.

Position: PAS-05 · Element: 782 · Name: Monetary Amount · Type: Decimal number (R) · Requirement: Conditional · Min: 1 · Max: 18 · Repeat: 1

Monetary amount

PAS05 is the estimated property value after improvements.

Position: PAS-06 · Element: 1090 · Name: Improvement Status Code · Type: Identifier (ID) · Requirement: Optional · Min: 1 · Max: 1 · Repeat: 1

Code indicating the improvement status

PAS06 defines the status of property improvements.

Position: PAS-07 · Element: 1073 · Name: Yes/No Condition or Response Code · Type: Identifier (ID) · Requirement: Optional · Min: 1 · Max: 1 · Repeat: 1

Code indicating a Yes or No condition or response

PAS07 defines whether the borrower is aware of the FHA valuation statement. A "Y" indicates awareness; an "N" indicates no awareness.

Position: PAS-08 · Element: 1321 · Name: Condition Indicator Code · Type: Identifier (ID) · Requirement: Optional · Min: 2 · Max: 3 · Repeat: 1

Code indicating a condition

PAS08 describes the condition under which the appraised value was determined.

Position: PAS-09 · Element: 373 · Name: Date · Type: Date (DT) · Requirement: Optional · Min: 8 · Max: 8 · Repeat: 1

Date expressed as CCYYMMDD where CC represents the first two digits of the calendar year

PAS09 is the Appraisal Completion Date.

Position: PAS-10 · Element: 1073 · Name: Yes/No Condition or Response Code · Type: Identifier (ID) · Requirement: Optional · Min: 1 · Max: 1 · Repeat: 1

Code indicating a Yes or No condition or response

PAS10 defines if comparable values are available. A "Y" indicates that comparables are available, an "N" indicates that comparables are not available.