FHA Single Family Housing Policy Handbook 4000.1, Part II
HUD effective date: 05/09/2022 · section II.F.5 · Handbook 4000.1
FHA Single Family Housing Policy Handbook 4000.1, Part II — a. Standard (05/09/2022).
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Verbatim provisions from FHA Single Family Housing Policy Handbook 4000.1, Part II — 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 — a. Standard (05/09/2022)
a. Standard (05/09/2022) There are three valuation approaches as applied to one-to four-residential unit Properties and Manufactured Homes: • sales comparison approach; • cost approach; and • income approach to value. The Appraiser must consider and attempt all approaches to value and must develop and reconcile each approach that is relevant. If the Appraiser cannot find sufficient data to complete one or more of the approaches to provide a credible valuation, the Appraiser must explain the lack of inclusion of that approach and the effect on the valuation and credibility of the appraisal analysis.
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