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Office of Single Family eryDeliveryGuideGuideEffective on or after June 15, 2015.
FHA Single Family HousingAppraisal Report and Data Delivery GuideTable of ContentsFHA Single Family Housing Appraisal Report and Data Delivery GuideTABLE OF CONTENTSA. APPRAISAL REPORT AND DATA DELIVERY TO FHA . 1B. UNIFORM RESIDENTIAL APPRAISAL REPORT FORM FOR ONE FAMILY RESIDENTIAL PROPERTIES . 21.2.3.4.5.6.Subject Section. 2Contract Section . 6Neighborhood Section . 8Site Analysis Section . 11Leasehold Interest/Ground Rent Section . 15Description of Improvements Section . 16a. Reporting Requirements for Attic . 17b. Mechanical Systems. 19c. Exterior Materials/Condition . 20d. Amenities/Features . 21e. Interior Materials/Condition . 22f. Car Storage. 23g. Appliances. 23h. Room Count . 24i. Narrative Comments Section . 257. Sales Comparison Approach Section . 28a. Comparable Data Pool . 28b. Sales Adjustment Grid . 28c. Factual Data and Value Adjustments in Direct Sales Comparison Grid . 308. Reconciliation and Conditions of Value Estimate Section . 43a. Conditions of Value Estimate . 439. Additional Comments Section . 4510. Cost Approach Section . 46a. Requirements for Remaining Economic Life . 4611. Income Approach Section . 4712. Planned Unit Development Information Section . 48ii
FHA Single Family HousingAppraisal Report and Data Delivery GuideTable of ContentsC. MANUFACTURED HOME APPRAISAL REPORT . 501. Subject Section. 502. Contract Section . 533. Neighborhood Section . 55a. Neighborhood Boundaries . 574. Site Section . 585. Leasehold Interest/Ground Rent Section . 616. Improvements Section . 62a. Reporting Requirements for Attic . 63b. Foundation . 63c. Basement . 63d. Mechanical Systems. 65e. Exterior Materials and Condition. 66f. Interior Materials and Condition. 68g. Car Storage. 69h. Appliances. 69i. Room Count and Gross Living Area . 70j. Narrative Comments . 707. Cost Approach Section . 73a. Cost Approach to Value . 748. Sales Comparison Approach Section . 77a. Adjustments to Comparable Properties . 79b. Reporting Prior Sales . 839. Reconciliation and Conditions of Appraisal Section . 85a. Conditions of Value Estimate . 8610. Additional Comments Section . 8811. Income Approach Section . 8812. Planned Unit Development Information Section . 89D. INDIVIDUAL CONDOMINIUM UNIT APPRAISAL REPORT . 911. Subject Property Section . 912. Contract Data Section . 95iii
FHA Single Family HousingAppraisal Report and Data Delivery GuideTable of Contents3.4.5.6.7.8.Neighborhood Section . 97Project Site Description Section . 100Leasehold Interest/Ground Rent Section . 104Project Information Description Section . 104Project Analysis Section . 109Unit Description Mechanical Systems Section . 110a. Interior Materials/Condition . 111b. Appliances. 112c. Car Parking/Storage . 112d. Gross Living Area . 112e. Narrative Comments . 1139. Prior Sale History and Sale Data Section . 11510. Sales Comparison Approach Section . 117a. Comparable Data Pool . 118b. Value Adjustments . 12011. Income Approach Section . 13112. Reconciliation and Conditions of Value Estimate Section . 131a. Conditions of Value Estimate Section . 13213. Additional Comments Section . 134E. SMALL RESIDENTIAL INCOME PROPERTY (TWO TO FOUR UNITS) APPRAISAL REPORT . 1351.2.3.4.5.6.7.Introduction to the Fannie Mae Form 1025/Freddie Mac Form 72 . 135Subject Property Data Section . 135Contract Section . 138Neighborhood Analysis Section . 139Site Section . 142Leasehold Interest/Ground Rent Section . 145Description of Improvements Section . 145a. Reporting Requirements for Attic . 146b. Foundation . 147c. Basement . 147d. Mechanical Systems. 149e. Exterior Materials/Condition . 150iv
FHA Single Family HousingAppraisal Report and Data Delivery GuideTable of Contentsf. Interior Materials/Condition . 152g. Car Storage. 153h. Appliances. 153i. Gross Living Area for the Units. 154j. Gross Building Area (GBA) . 154k. Unit Room Count and Gross Living Area . 154l. Narrative Comments . 1548. Comparable Rental Data Section . 1569. Subject Rent Schedule Section . 157a. Rent Schedule . 15810. Prior Sale History Section . 15911. Sales Comparison Approach Section . 161a. Value Adjustments . 16212.
FHA has procured an Electronic Appraisal Delivery (EAD) system, which provides portal to access all HUD approved lenders. The solution will allow electronic appraisal files to be uploaded to a central location
