FHA Single Family Housing Policy Handbook 4000.1, Part II — c. Required Analysis and Reporting (05/09/2022)
FHA Single Family Housing Policy Handbook 4000.1, Part II — c. Required Analysis and Reporting (05/09/2022).
Verbatim regulatory text
Verbatim provisions from FHA Single Family Housing Policy Handbook 4000.1, Part II — c. Required Analysis and Reporting (05/09/2022) — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.
FHA Single Family Housing Policy Handbook 4000.1, Part II — c. Required Analysis and Reporting (05/09/2022)
c. Required Analysis and Reporting (05/09/2022) The Appraiser must provide a written narrative format or a commercially available reporting form. The appraisal report must include, at minimum, the following: • property address; • legal description; • owner of record; • occupancy; • assessment and tax information; • property rights appraised; • site size; • zoning; • highest and best use; • shape; • topography; • drainage; • availability of utilities; • site amenities; • drainage; • if it is located within a FEMA-designated SFHA; and • a sales grid, including: o detailed information on at least three comparable sales; o a quantitative comparison of those property attributes to the subject; o a comparison of the number of comparable unimproved properties sold to the number of offered and listed for sale to determine supply and demand, absorption rate, and other market data required so that the report is not misleading; and o certification and limiting conditions as included in Fannie Mae Form 1004/Freddie Mac Form 70, Uniform Residential Appraisal Report (URAR), Fannie Mae Form 1004C/Freddie Mac Form 70B, Manufactured Home Appraisal II. ORIGINATION THROUGH POST-CLOSING/ENDORSEMENT F. Appraiser and Property Requirements for Title I Loans 7. Reporting Requirements Handbook 4000.1 1150 Last Revised: 11/26/2025 Report, and any other forms and documentation necessary to comply with USPAP Standard 2. When completing the sales grid, the Appraiser must compare and appropriately adjust the sales of comparable unimproved building lots or sites for differences in location, size, zoning, utility connection or availability of utility connection, site improvement and any other pertinent factors. The Appraiser must then reconcile the adjusted sales into a value conclusion. The Appraiser must calculate and extract any costs to be incurred from razing the existing improvements and cleaning up the site from the value of the supporting land to arrive at a final conclusion of value of the site as if vacant and ready to be put to its highest and best use. 7. Reporting Requirements a. Standard (05/09/2022) HUD does not provide a specific appraisal form to be used for valuation of a borrower- owned lot, or a Manufactured Home classified as Personal Property.