As the largest insurer of mortgages in the world, the U.S. Department of Housing and Urban Development (HUD) is a major player in the United States’ real estate market and an equally important regulatory entity in the valuation profession. HUD’s Federal Housing Administration (FHA) program sets the standards for a large number of residential appraisals nationwide. In March 2015, HUD published the new Single Family Housing Policy Handbook, also known as Handbook 4000.1, with an effective date of September 14, 2015. This is the most comprehensive overhaul of FHA appraisal guidance since 1999. Designed to be the “go-to” handbook for appraisers and lenders, this publication consolidates FHA requirements into one single authoritative source, instead of having requirements scattered throughout several different handbooks and mortgagee letters. Knowledge of the new FHA Handbook will help ensure that the properties you appraise meet the government’s health, safety, and security standards. This course focuses on the new FHA Handbook 4000.1 with emphasis on revisions to FHA appraisal requirements and protocols. In addition, students will learn how to effectively stay up-to-date with FHA requirements.
1. Chapter 1: Introduction to HUD and FHA
2. Chapter 2: Overview of the Handbook
3. Chapter 3: Appraiser and Property Requirements: Location and Site
4. Chapter 4: Appraiser and Property Requirements: Improvements
5. Chapter 5: Appraiser and Property Requirements: Valuation and Reporting Protocols
6. Chapter 6: Appraiser and Property Requirements: Manufactured Homes, Condominiums, and Leaseholds
7. Chapter 7: Appraiser & Property Requirements: 203(K), REO Appraisals, and Market Conditions Addendum
8. Chapter 8: Quality Control, Oversight, and Compliance for Appraisers
9. Chapter 9: Appraisal Report and Data Delivery Guide
10. Final Exam
Course ratings and reviews
McKissock is rated out of 5 by 12873.
Rated 5 out of 5 by Jacob P from Easy to navigate, information properly delivered. Thanks.
Date published: 2019-06-20
Rated 5 out of 5 by Robert B from provide more courses that qualify for both Appraisal and Real Estate credits for those that hold dual licenses
Date published: 2019-06-17
Rated 5 out of 5 by Angela E from This course was very easy to follow and informative.
Date published: 2019-06-16
Rated 5 out of 5 by Heather R from Great course, I learned some things I wasn't aware of.
Date published: 2019-06-14
Rated 5 out of 5 by Robert R from If you want a no hassle, fast moving, easy to understand appraisal course, this is it.
Date published: 2019-06-11
Rated 5 out of 5 by Marshall B from Get introduction to or refresher course on the FHA/HUD 4000.1
Date published: 2019-06-02
Rated 5 out of 5 by Thomas O from Always a good idea to refresh your knowledge and keep appraised of any new changes regarding FHA
Date published: 2019-06-01
Rated 5 out of 5 by Robin B from This was a great course and would be great for Real Estate agents as well.
Date published: 2019-05-31
How can I get a copy of the new FHA handbook?
You can download the FHA Handbook from HUD: https://www.hud.gov/program_offices/administration/hudclips/handbooks/hsgh
Date published: 2019-03-21