FHA Appraisals: What Lenders and Homebuyers Need to Know
FHA appraisals are not simply a value opinion. They are a dual-purpose report — establishing market value and simultaneously evaluating whether the property meets HUD’s Minimum Property Standards (MPS). For lenders, this means FHA appraisals require appraisers with specific credentials and review processes calibrated to a more demanding standard than conventional assignments. The stakes of […]