PAS Property Appraisal Summary

To provide high-level information about the property valuation

Position
Element
Name
Type
Requirement
Min
Max
Repeat
PAS01
Property Value Estimate Type Code
Identifier (ID)
Mandatory
1
1
1
Code indicating the type of property value estimate
PAS01 defines the type of property valuation used.
PAS02
Amount Qualifier Code
Identifier (ID)
Mandatory
1
3
1
Code to qualify amount
PAS02 qualifies the type of appraisal amount given in PAS03.
PAS03
Monetary Amount
Decimal number (R)
Mandatory
1
18
1
Monetary amount
PAS03 is the estimate of the property value.
PAS04
Monetary Amount
Decimal number (R)
Conditional
1
18
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.
PAS05
Monetary Amount
Decimal number (R)
Conditional
1
18
1
Monetary amount
PAS05 is the estimated property value after improvements.
PAS06
Improvement Status Code
Identifier (ID)
Optional
1
1
1
Code indicating the improvement status
PAS06 defines the status of property improvements.
PAS07
Yes/No Condition or Response Code
Identifier (ID)
Optional
1
1
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.
PAS08
Condition Indicator
Identifier (ID)
Optional
2
3
1
Code indicating a condition
PAS08 describes the condition under which the appraised value was determined.
PAS09
Date
Date (DT)
Optional
8
8
1
Date expressed as CCYYMMDD where CC represents the first two digits of the calendar year
PAS09 is the Appraisal Completion Date.
PAS10
Yes/No Condition or Response Code
Identifier (ID)
Optional
1
1
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.

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