FHA APPRAISAL DIVISION 

FHA NEWS: NEW MORTGAGEE LETTERS REGARDING FHA APPRAISALS 

Mortgagee Letter 10-13 Appraisal Update and/or Completion report (Additional Guidance)

Mortgagee Letter 10-08 HUD REO Appraisal Validity Period and Second Appraisals

Mortgagee Letter 09-51 Adoption of Appraisal Update and/or Completion Report

ADI specializes in completing appraisals for FHA insured mortgage transactions. All of our appraisers are FHA roster approved, and we're raising the bar on industry standards with internal FHA appraisal training unmatched in the business.
 
DOES YOUR APPRAISER REALLY UNDERSTAND FHA APPRAISAL PROTOCOL? 
WE DO!  AND WE'LL MAKE SURE YOU'RE COVERED.

FHA required repairs fall into three main categories:

• SAFETY - protect the health and safety of occupants
  
  
• SECURITY - protect the security of the property
  
  
• SOUNDNESS - correct physical deficiencies or conditions affecting structural integrity

ADI appraisers will recommend only those repairs necessary to ensure a property complies with FHA's Minimum Property Requirements (MPR) or Minimum Property Standards (MPS), providing an estimated cost to cure.

The appraiser will recommend repairs based on a visual inspection of readily observable items. Cosmetic repairs are not required; however, they are considered in the overall condition rating and valuation of the property.

FHA Links

FHA Links & Resources Department of HUD Website FHA Resource Website  FHA Lender Resources FHA Connection FHA Mortgage Limits FHA Connection B2G FHA Appraiser Resources FHA Approved Condominiums   FHA Reference Manuals & Mortgagee Letters HUD Handbok 4150.2 Mortgagee Letter 2005-48 Appendix D Mortgagee Letter 2006-24 Mortgagee Letter 2005-06 Mortgagee Letter 2007-11 Mortgagee Letter 2008-09 Mortgagee Letter 2008-39