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FHA Appraisal Form

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John Karfgin

Thread Starter
Freshman Member
Joined
Mar 24, 2004
Professional Status
Certified Residential Appraiser
State
Maryland
I am currently on the approved appraiser list for FHA. Unfortunately, I have not completed an FHA Appraisal on the form 1004. I have now been asked to do an FHA appraisal and I'm not sure of the correct way to fill out form#1004. Is there a web site or any help out there that can walk me thru this process.
 

Thomas Fiehler

Senior Member
Joined
Jun 2, 2003
Professional Status
Certified General Appraiser
State
Ohio
Basically the same way as a conventional appraisal. Note/photograph any deferred maintenance items. Suggest you visit HUD's website and download the letters. Also, the VC pages are no longer included.
 

Hamlet

Elite Member
Joined
Aug 14, 2006
Professional Status
Certified Residential Appraiser
State
Ohio
Appendix D will walk you through the form.
 

Ted Markow

Junior Member
Joined
Nov 14, 2003
Professional Status
Licensed Appraiser
State
New Hampshire
John
I have got a Pdf file that is escapes me where I found it that reviews what you need to include for the FHA appraisal. It is a very good guide that I keep handy and use it sort of like a check list/ guide any time I do an appraisal. If you want to send me and e mail I would be happy to forward it to you. I am sure that you will find it very useful
 

CANative

Elite Member
Joined
Jun 18, 2003
Professional Status
Retired Appraiser
State
California
Go to www.HUD.gov. From there, find the area at the lower right that will allow you to use a drop down information menu for housing industry, lenders, appraisers, etc. and choose appraisers. From that page look at the lower right for "Resources" and click the link for publications, handbooks, etc.

Find the 4150.2, find ML2005-34 and 48. Select attachments. Appendix D is a step by step instructional for completing appraisal forms for FHA. But you also need to study the 4150.2 and keep a pdf on your desktop for easy reference. Check the other links for MPS and MPR. Read, read, read, read.
 

Ted Markow

Junior Member
Joined
Nov 14, 2003
Professional Status
Licensed Appraiser
State
New Hampshire
John
If you are interested just email me via my web site
 

Jo Ann Meyer Stratton

Elite Member
Joined
Jan 16, 2002
Professional Status
Certified Residential Appraiser
State
Arizona
And don't forget about #1 on the Appraiser's Certification page. In accordance with the scope of work requirements means you are certifying that you have read and understand the 4150.2 and other info from FHA/HUD. That #1 is why FHA has discontinued the test because they are certifying they are competent when they became licensed by the state.
 

Mike Boyd

Elite Member
Joined
Jan 18, 2002
Professional Status
Retired Appraiser
State
California
Do not start the report until an FHA case number has been assigned. That case number should be on each page of the report.
 
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