FHA Extends Exterior-Only Appraisals Through June

FHA Extends Exterior-Only Appraisals Through June

The Federal Housing Administration extended the use of exterior-only appraisals through June 30, 2021. Details were published Mortgagee Letter (ML) 2021-06.

The same mortgagee letter also continues the re-verification of employment guidance issued in ML 2020-05 for cases closed on or before June 30, 2021.

Because this policy guidance is temporary and designed specifically to help mitigate the continuing impacts of the COVID-19 pandemic on individuals and families, it will not be incorporated into a future update to FHA’s Single Family Housing Policy Handbook 4000.1, according to FHA Info #2021-10.