PAS Property Appraisal Summary
To provide high-level information about the property valuation
Code indicating the type of property value estimate
PAS01 defines the type of property valuation used.
Code to qualify amount
PAS02 qualifies the type of appraisal amount given in PAS03.
PAS03 is the estimate of the property value.
P0405: If either PAS-04 or PAS-05 is present, then the other is required
PAS04 is the estimated cost of property improvements.
PAS05 is the estimated property value after improvements.
Code indicating the improvement status
PAS06 defines the status of property improvements.
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.