The popularity of FHA insured financing is arguably at an all-time high,
and many certified appraisers are currently included, or seeking to be
included, on the FHA appraiser roster. Because many real estate sales
transactions are being financed with FHA insured financing, it is important
and welcomed for real estate brokerage professionals to also stay well
informed regarding FHA protocol. Effective September 14, 2015, most of the
existing handbooks, mortgagee letters, and other references formally used
by lenders, appraisers, and other real estate professionals will be
superseded by a new, and more comprehensive Handbook titled: the FHA
Single Family Housing Policy Handbook 4000.1. The FHA Single Family
Housing Appraisal Report and Data Delivery Guide, a companion publication
to the Handbook, will also go into effect September 14, 2105. This course
will include direct excerpts and quotations of the Handbook, Guide, and
other publications. The course will begin with FHA's Minimum Property
Requirements and Minimum Property Standards, and move into specific
property applications and appraisal-related functions. Numerous best
practices and illustrations will be included.