The FHA Handbook 4000.1

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 2015, HUD published the Single Family Housing Policy Handbook, also known as Handbook 4000.1, which has been revised numerous times since it was initially published. 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 FHA Handbook will help ensure that the properties you appraise meet the government’s health, safety, and security standards. This course focuses on the 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.

Course access is available for 6 months from the day it is opened. All courses, regardless of whether they have been opened, expire two years from the date of purchase. Extensions are available for purchase within 30 days of a course expiring. No extensions will be granted after this period.

Course Roadmap

1. Introduction to HUD and FHA

2. Overview of the Handbook

3. Appraiser and Property Requirements: Location and Site

4. Appraiser and Property Requirements: Improvements

5. Appraiser and Property Requirements: Valuation and Reporting Protocols

6. Appraiser and Property Requirements: Manufactured Homes, Condominiums, and Leaseholds

7. Appraiser and Property Requirements: 203(k) and REO Appraisals

8. Quality Control, Oversight, and Compliance for Appraisers

9. Appraisal Report and Data Delivery Guide

10. Final Exam