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# Origination Through Post-Closing/Endorsement
## Appraiser and Property Requirements for Title II Forward and Reverse Mortgages
### Commencement of the Appraisal
#### D. Appraiser and Property Requirements for Title II Forward and Reverse Mortgages
The appraisal process provides the Mortgagee with necessary information to determine if a property meets the minimum requirements and eligibility standards for a Federal Housing Administration (FHA)-insured Mortgage and will serve as adequate security for a specific FHA-insured Mortgage. Mortgagees bear primary responsibility for determining eligibility and the sufficiency of collateral; however, the Appraiser provides preliminary verification that the Property Acceptability Criteria have been met and an appraised value for the property.
**Property** refers to the real estate entity that will serve as adequate security for a specific FHA-insured Mortgage.
The requirements in this section of the FHA Single Family Housing Policy Handbook (Handbook 4000.1) contain the Property Acceptability Criteria for FHA mortgage insurance, which include Minimum Property Requirements (MPR) and Minimum Property Standards (MPS), and include by reference, associated rules and regulations. The criteria apply to residential Properties containing one- to four-family housing units, individual Condominium Units, and Manufactured Housing units, and related property improvements and the sites on which they are located, as well as the immediate environment for the dwelling, including streets and other services or facilities associated with the site. Manufactured Housing Properties have additional requirements contained in the Property Acceptability Criteria for Manufactured Housing for Title II Insured Mortgages section. This section also provides requirements for Appraisers in establishing a credible appraised value for a Property that is to serve as security for an FHA-insured Mortgage.
### 1. Commencement of the Appraisal
#### a. Information Required before Commencement of Appraisal (04/10/2025)
The Appraiser must obtain all of the following from the Mortgagee before beginning an appraisal:
- A complete copy of the executed sales contract for the subject, if a purchase transaction;
- The land lease, if applicable (see Leasehold Interest);
- Surveys or legal descriptions, if available;
- Any other AE tool documents contained in the loan file; and
- A point of contact and contact information for the Mortgagee so that the Appraiser can communicate any noncompliance issues.
The effective date of the appraisal cannot be before the FHA case number assignment date unless the Mortgagee certifies that the appraisal was ordered for conventional lending or government-guaranteed loan purposes and was performed pursuant to FHA guidelines.
When using an appraisal ordered originally for conventional lending or government-guaranteed loan purposes before the case number assignment date:
**Handbook 4000.1 815**
Last Revised: 01/10/2025