FHA Observation Checklist for Appraisers

4.56 Average Customer Rating

5 stars
(38)
4 stars
(17)
3 stars
(2)
2 stars
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FHA Observation Checklist for Appraisers has earned an average of 4.56 out of 5 stars from 154
$29.95
An appraiser’s property visit for an FHA loan is the fodder for many a misconception by buyers, sellers, real estate professionals, and even lenders. 

Anecdotal accounts of real estate agents counseling FHA buyers not to get a home inspection because “If there’s anything wrong with the house, the FHA appraiser will find it” cause chills to run up appraisers’ spines. HUD itself helped to foster this misconception over 15 years ago, with its infamous television commercials showing an appraiser tugging on pipes in the basement of a dwelling. 

FHA appraisals are not home inspections, and appraisers know this. But there is another more recent misconception, perpetuated by some lenders – namely that FHA appraisals are the same as conventional appraisals. They are not, as we shall see. 

This is a non-credit course, which is designed to introduce you to a property observation checklist that can be used when appraising a property for an FHA loan. More detailed and specific information is available in another McKissock course titled The NEW FHA Handbook 4000.1. 

At this point, we must disclaim that no course or checklist can possibly address all of the possible situations that an appraiser may encounter out in the field. As such, this course and the checklist are not intended to be a substitute for a thorough reading and understanding of applicable HUD/FHA handbooks, guides, and mortgagee letters.

Chapter list:

1. FHA Property Observation and Checklist

Course ratings and reviews

McKissock is rated 4.6 out of 5 by 154.
Rated 4 out of 5 by from Crucial, succinct info so that I can accurately perform FHA and FHA related (USDA Rural Housing) appraisals.
Date published: 2016-02-19
Rated 2 out of 5 by from It is a very superficial course but it is also cost effective. Therefore, one cannot expect it to be comprehensive fha requirements. It is good if an appraiser wants a reminder for FHA.
Date published: 2016-05-06
Rated 2 out of 5 by from It is a very superficial course but it is also cost effective. Therefore, one cannot expect it to be comprehensive fha requirements. It is good if an appraiser wants a reminder for FHA.
Date published: 2016-05-06
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