FHA Extends Exterior Appraisals

FHA Extends Exterior Appraisals

The Department of Housing and Urban Development has just announced the re-extension of exterior-only appraisals for case numbers assigned on or before October 31, 2020.

Details were provided in Mortgagee Letter 2020-28.

This third extension will allow industry partners additional opportunity to utilize flexible guidance related to reverification of employment and appraisal protocol for FHA Single Family programs affected by COVID-19.