FHA Single Family Housing Policy Handbook 4000.1, I. > DOING BUSINESS WITH FHA > B. Other Participants > 7. Title I Property Improvement Dealers (05/09/2022) — b. Standard

FHA Single Family Housing Policy Handbook 4000.1, Part I — b. Standard (05/09/2022)

Effective 2022-05-09 · publisher's stamp for this provision

b. Standard (05/09/2022) To be eligible to appraise Chattel, the Chattel Appraiser must be: • certified as a Manufactured Housing Valuation (MHV) appraiser. MHV appraisers are trained and certified in accordance with NADAguides guidelines to use the National Appraisal System (NAS); or • certified as a real estate Appraiser who is listed as active on the FHA Appraiser Roster, and certifies on each appraisal that the Appraiser has experience and competence in appraising Manufactured Homes where ownership interest is Chattel (or Personal Property). In addition, the Chattel Appraiser must not be: • suspended, debarred, or otherwise excluded; and • listed on HUD’s Limited Denial of Participation (LDP) List, HUD’s Credit Alert Verification Reporting System (CAIVRS), or subject to any current loss of standing or suspension as a certified Appraiser in any state. A state refers to any state of the United States, Puerto Rico, the District of Columbia, Guam, American Samoa, the Commonwealth of the Northern Mariana Islands, or the United States Virgin Islands. i. Competency Requirement The Chattel Appraiser must be knowledgeable of the Uniform Standards of Professional Appraisal Practice (USPAP) and FHA appraisal requirements. The Chattel Appraiser must meet the competency requirements defined in USPAP prior to accepting an assignment. The Chattel Appraiser must be knowledgeable in the market where the assignment is located. ii. Licensing Requirement For appraisals of Manufactured Homes under chattel ownership, if the appraiser is not a certified real estate appraiser listed as active on the FHA Appraiser Roster as above, then the appraiser must provide proof of certification as an MHV appraiser. iii. Compliance to Uniform Standards of Professional Appraisal Practice All Chattel Appraisers must comply with USPAP, including the Competency Rule, when conducting appraisals of Properties classified as Personal Property or Real Property. All appraisers providing services involving Manufactured Homes where the property interest is Chattel (or Personal Property) will follow USPAP Standards 7 and 8 when developing and reporting the results of the appraisal. iv. Pending or Settled Actions Prior to accepting an assignment from a Lender, the Chattel Appraiser must disclose all lawsuits, administrative complaints, Findings, or reports produced in connection with an investigation, audit, or review conducted by HUD, another federal, state, or local governmental agency, or by any other regulatory or oversight entity with jurisdiction over the Chattel Appraiser, its officers, partners, directors, principals, managers, supervisors, and other agents, that are currently pending or were resolved within two years of the application, including any violations of the Fair Housing Act, 42 U.S.C. §§ 3601–3619.

Source: FHA Single Family Housing Policy Handbook 4000.1, Update 18 (issued 2026-08-12) · source URL · snapshot e1bca3432cf19e09