FHA Single Family Housing Policy Handbook 4000.1, II. ORIGINATION THROUGH POST-CLOSING/ENDORSEMENT > C. Condominium Project Approval > 3. Project Approval Submission — d. Reconsideration of Rejected or Withdrawn Condominium Projects

FHA Single Family Housing Policy Handbook 4000.1, Part II — d. Reconsideration of Rejected or Withdrawn Condominium Projects (10/15/2019)

Effective 2019-10-15 · publisher's stamp for this provision

d. Reconsideration of Rejected or Withdrawn Condominium Projects (10/15/2019) If the Condominium Project was rejected or withdrawn under HRAP within the previous 12 months, FHA will reconsider the Condominium Project upon submission of corrected or updated documentation. If the Condominium Project was rejected or withdrawn more than 12 months ago, a Full Review is required under HRAP. If the Condominium Project was rejected under DELRAP, a Full Review is required under HRAP. If the Condominium Project was subject to adverse determination for significant issues as identified by FHA, a Full Review is required under HRAP. D. APPRAISER AND PROPERTY REQUIREMENTS FOR TITLE II FORWARD AND REVERSE MORTGAGES The appraisal process provides the Mortgagee with necessary information to determine if a property meets the minimum requirements and eligibility standards for a Federal Housing Administration (FHA)-insured Mortgage and will serve as adequate security for a specific FHA- insured Mortgage. Mortgagees bear primary responsibility for determining eligibility and the sufficiency of collateral; however, the Appraiser provides preliminary verification that the Property Acceptability Criteria have been met and an appraised value for the property. Property refers to the real estate entity that will serve as adequate security for a specific FHA- insured Mortgage. The requirements in this section of the FHA Single Family Housing Policy Handbook (Handbook 4000.1) contain the Property Acceptability Criteria for FHA mortgage insurance, which include Minimum Property Requirements (MPR) and Minimum Property Standards (MPS), and include by reference, associated rules and regulations. The criteria apply to residential Properties containing one- to four-family housing units, individual Condominium Units, and Manufactured Housing units, and related property improvements and the sites on which they are located, as well as the immediate environment for the dwelling, including streets and other services or facilities associated with the site. Manufactured Housing Properties have additional requirements contained in the Property Acceptability Criteria for Manufactured Housing for Title II Insured Mortgages section. This section also provides requirements for Appraisers in establishing a credible appraised value for a Property that is to serve as security for an FHA-insured Mortgage.

Source: FHA Single Family Housing Policy Handbook 4000.1, Update 18 (issued 2026-08-12) · source URL · snapshot e1bca3432cf19e09