How to become FHA approved

[MarkRichmond]

Hi folks,

I was wondering what hoops I need to jump through to become FHA approved here in sunny (not!) Madison, WI?

 

[Mountain Man]

http://www.HUD.gov/offices/reac/products/s...a/sfa_apart.cfm

This is their registration page.

Or go to their home page at HUD.gov for more info. On the very right hand side of the page you will see a section labled: Information For.... , go down to the Housing Industry section and under there you will see in mice type appraisers. Click on the "appraisers" section to look up resources and ax questions.


P.S. Once you are approved, you have got to remember to fax a copy of your renewed license into the REAC every year. They wont ask for it or send you a notice, you just have to remember. If you forget, it is a pain to become re-activated and almost takes an act of Congress. Lesson from experience.

Mell.

 

[MarkRichmond]

Thanks Mell.

 

[Keri]

Hey Mark,

I'm not sure how many hours you have logged, but I think FHA requires 2000, reguardless of whether you are licensed or not. Another woman and I went through the web site, talked to numerous people at HUD, studied like crazy for a week, PASSED the friggin' test, then were denied because licensing in the state of OK is not currently up to AQB standards (which is an FHA requirement). Even if you have been appraising for years, unless you are certified in OK, you just can't get your FHA approval. Just a warning. Many people in various offices told us that it would be no problem as long as we had a license, but be sure to double check that your license complies with AQB standards.

Good luck,

Keri

 

[Mike Garrett RAA]

You need to pass the silly exam, get an exam prep book and study for a week, you will pass. HUD requires a minimum of two years experience to be placed on their roster. You can take the test prior to completing the time requirement.

 

[Leon Stewart]

http://www.HUD.gov/offices/reac/products/s...a/sfa_apart.cfm

This is their registration page.

Or go to their home page at HUD.gov for more info. On the very right hand side of the page you will see a section labled: Information For.... , go down to the Housing Industry section and under there you will see in mice type appraisers. Click on the "appraisers" section to look up resources and ax questions.


P.S. Once you are approved, you have got to remember to fax a copy of your renewed license into the REAC every year. They wont ask for it or send you a notice, you just have to remember. If you forget, it is a pain to become re-activated and almost takes an act of Congress. Lesson from experience.

Mell.

You must have done something wrong, because it's not that difficult to get "reactivated". I know, it happened to me when I forgot to fax in my renewal one year. All I did was fax in evidence of my renewal, and it was recorded the next day, and I didn't talk to anybody.

leart3

 

[G-man]

As a newly licensed appraiser in Ohio, all this info is very informative. This is my first post to this forum, and really haven't visited this site in a while. It looks very nice!