• Welcome to AppraisersForum.com, the premier online  community for the discussion of real estate appraisal. Register a free account to be able to post and unlock additional forums and features.

FHA Report Supplemental Form

Status
Not open for further replies.

JTip

Thread Starter
Elite Member
Joined
Oct 12, 2004
Professional Status
Certified Residential Appraiser
State
Pennsylvania
A disclaimer before I ask: I do not want answers to a test I cannot take because I am a trainee. I do not intend to submit an application before I am Certified +3 years experience, I have a mentor, no comp checks, so on and so forth....just curious...

Question:

When doing an FHA assignment, say a purchase for a single family home, would you use a standard 1004 form and a supplemental HUD 92564-VC? I see in our software there are 5 HUD forms, one review, one multifamily, one compliance inspection (completion?) and two VC (dated 1999 and 2003). Looking over the VC 2003 version, it seems to follow Appendix D. So a 1004 + this form = an FHA appraisal?

Yes, I would like to take the class in the future. I cannot do 7 hours in front of a computer and really don't want to fly to Texas to take the class. I hope Don Paul will offer it in my area in the future.

Thank you for your friendly answers..:clapping:
 

Mr Rex

Elite Member
Joined
Jan 12, 2004
Professional Status
Certified Residential Appraiser
State
North Carolina
The VC forms were eliminated when FHA adopted the new Fannie forms in 2005. See Mortgagee letters 2005-34 and 2005-48 for the significamt changes to FHA protocol including the retirement of the VC sheets.
 

Marcia Langley

Senior Member
Joined
Aug 26, 2005
Professional Status
Certified Residential Appraiser
State
Missouri
J,

Also, all of the main FHA forms were revised in March 2005 and the handbook was revised in the fall of that year and a few times since. Always be sure you are using the most current guidelines by going directly to the source, www.hudclips.com.
 
Status
Not open for further replies.
Find a Real Estate Appraiser - Enter Zip Code

Copyright © 2000-, AppraisersForum.com, All Rights Reserved
AppraisersForum.com is proudly hosted by the folks at
AppraiserSites.com
Top

AdBlock Detected

We get it, advertisements are annoying!

Sure, ad-blocking software does a great job at blocking ads, but it also blocks useful features of our website. For the best site experience please disable your AdBlocker.

I've Disabled AdBlock
No Thanks