OMB.report

Federal forms, ICRs, and supporting documents

OMB control number

HUD Conditional Commitment/Direct Endorsement Statement of Appraised Value

OMB 2502-0494 · HUD/OH.

OMB 2502-0494

The information is used by appraisers and/or underwriters upon their review of the appraisal report (USAR) to determine if a property meets FHA guidelines to be eligible for HUD mortgage insurance. Underwriters are required to sign and submit a copy of the completed form to HUD for endorsement as part of the case binder; to provide a copy to the homebuyer; and to maintain a copy for the mortgagee.

The latest form for HUD Conditional Commitment/Direct Endorsement Statement of Appraised Value expires 2027-04-30 and can be found here.

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