Are you ready for the changes? Get the facts!! Revised FHA Handbook 4000.1 effective 9/14/15. Scroll down to “Updates, Revisions, Notifications” to get the redline versions. Includes a link to the “redline” version of 4000.1 so you can skip over most of it. My comments: Many thanks to McKissock for telling us what we need to know. The changes outlined in the Handbook may be implemented immediately but must be implemented for FHA cases assigned on or after April 18, 2023. Also, language requiring a minimum “head and shoulders” access into the crawl space was deleted. Under “Crawl Space Observation Requirements,” significant revisions were made, including removal of a bullet point list of MPR/MPS criteria for the crawl space. The language requiring a minimum “head and shoulders” access into the attic was deleted. Under “Attic Observation Requirements,” a clarification was made regarding the appraiser’s obligation to “safely” access the attic.
The most significant of these revisions was the elimination of the requirement to include the 1004MC form as an attachment to the appraisal report.Ĭhanges to the Handbook also include several other minor, but nevertheless meaningful, edits and clarifications to FHA appraisal requirements, including: According to the announcement, the revisions included “enhancements and revisions to existing guidelines and various technical edits.”
Excerpts: On January 18, 2023, HUD issued an announcement regarding revisions made to Handbook 4000.1.
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