Tag: Mortgagee Letter 2008-39

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FHA Insured Mortgages Require an Appraisal by a State Certified Appraiser

FHA Insured Mortgages Require an Appraisal by a State Certified Appraiser

By: Nanci L. Weissgold

Effective December 23, 2011, HUD has finally amended its rules to coincide with its existing practice of allowing only state certified appraisers to conduct appraisals of properties securing an FHA insured mortgage. This means that state licensed appraisers or those with only the certification of a “nationally recognized professional organization” are now permitted on the FHA Appraiser Roster.

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