USDA Loan - meets HUD requirements?

[DSREA]

I recently completed a condo appraisal for a client who is now trying to get their borrower a loan through the USDA. They have asked me to include a statement in my report that says the property meets HUD Handbook requirements. I'm not a FHA appraiser, I don't have a HUD handbook, nor can I say without a doubt this property meets those requirements. I guess I could get a handbook, read it and learn it, but I don't think my client has the time, nor is he willing to pay me what that time is worth to me. What should I tell him?

 

[Lee Lansford]

... What should I tell him?

How about this: No.

Advise your client that you are not approved to conduct FHA appraisals and you do not offer yourself as an expert on the topic.

 

[Mr Rex]

If you are not an FHA appraiser, you can not say that it meets FHA requirements on a USDA loan. It is my understanding that USDA can use your appraisal if they also get a Home Inspection.