SUPERSEDED — prior version (Selling Guide edition published May 6, 2026) — Fannie Mae Selling Guide B5-3.2-05 — HomeStyle Renovation Mortgages: Completion Certification

fnma-sel-b5-3-2-05-superseded-2026

SUPERSEDED — this is the PRIOR text of Fannie Mae Selling Guide B5-3.2-05 (HomeStyle Renovation Mortgages: Completion Certification), dated 06/04/2025, as published in the Selling Guide edition of May 6, 2026. Fannie Mae changed this topic: the edition published September 2, 2026 carries a revised text (SEL-2026-07 (August 5, 2026)). Retained because a loan or exam period governed by the earlier text needs the version in force at the time.

Superseded — retained for reference. The operative requirements have moved to the current rule (see the description above).

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Verbatim regulatory text (1)

Verbatim provisions from SUPERSEDED — prior version (Selling Guide edition published May 6, 2026) — Fannie Mae Selling Guide B5-3.2-05 — HomeStyle Renovation Mortgages: Completion Certification — 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.

[SUPERSEDED] Fannie Mae Selling Guide B5-3.2-05 — HomeStyle Renovation Mortgages: Completion Certification

Effective 2025-06-04 · publisher's stamp for this provision

B5-3.2-05, HomeStyle Renovation Mortgages: Completion Certification (06/04/2025) Introduction This topic contains information on the HomeStyle Renovation mortgage including: Completion Certification Title and Insurance Updates Uniform Appraisal Dataset (UAD) 3.6 Policy Completion Certification Following completion of the renovation work, the lender must obtain a certification of completion stating the renovation was completed in accordance with the submitted plans and specifications. The certification must be documented on the Appraisal Update and/or Completion Report (Form 1004D). The 1004D must confirm all “subject to” items listed on the appraisal were completed. If deviations have been made to the initial plans, the appraiser must note any impact to the value. If the value has been impacted, the lender must follow the policy in UnplannedChanges in Scope or Incomplete Work in B5-3.2-03, HomeStyle Renovation Mortgages: Collateral Considerations. The lender must also obtain a certificate of occupancy upon completion of renovation if it is required by local authorities for the type of renovation work that was completed. Title and Insurance Updates Concurrent with the last disbursement of funds, the lender must obtain a title update through the date the renovation was completed, to ensure the continuance of Fannie Mae’s first lien priority and the absence of any mechanic's or materialmen’s liens. When the property is located in a state in which contractors’, subcontractors’, or materialmen’s liens have priority over mortgage liens, the lender must obtain all necessary lien releases or take any other action that may be required to ensure title to the property is clear of all liens and encumbrances. The lender also must retain in the loan file a certification regarding the adequacy of the property insurance following completion of the renovation. The certification must confirm the coverage has been increased, if necessary, to comply with Fannie Mae’s standard property and flood insurance requirements. Uniform Appraisal Dataset (UAD) 3.6 Policy Lenders using UAD 3.6 must follow the requirements in the UAD 3.6 Policy Supplement.

Source: Fannie Mae Selling Guide B5-3.2-05 — HomeStyle Renovation Mortgages: Completion Certification · source URL · snapshot 5f7b8b79da595d76

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Source of record: https://claudeforcompliance.com/regs/fnma-sel-b5-3-2-05-superseded-2026/ · register fnma-sel-b5-3-2-05-superseded-2026 · verbatim, source-snapshotted regulator text from the Claude for Compliance corpus. To work from every register at once, download the corpus and follow the methodology.