Where can I find appraisal procedures for condominiums?

The Appraiser and Property requirements for Title II forward and reverse mortgages are in Handbook 4000.1 II.D.   

Additional requirements for Condominium Projects are in Handbook 4000.1 II.D.6. 

A Condominium Project must be on the list of FHA-approved condominiums unless it meets the definition for a site condominium.  Instructions detailing specific requirements for reporting the results of the appraisal are found in the FHA Single Family Housing Appraisal Report and Data Delivery Guide at https://www.hud.gov/program_offices/housing/sfh/handbook_references

For additional information see Handbook 4000.1 II.D and  II.D.6  at https://www.hud.gov/program_offices/administration/hudclips/handbooks/hsgh

All policy information contained in this knowledge base article is based upon the referenced HUD policy document. Any lending or insuring decisions should adhere to the specific information contained in that underlying policy document.


Topic Number: KA-04029