source:
  type: guide
  id: hud-4000-1-ii-9-update-of-appraisal
  authority: FHA Single Family Housing Policy Handbook 4000.1, Part II — 9. Update
    of Appraisal (09/14/2015)
  description: FHA Single Family Housing Policy Handbook 4000.1, Part II — 9. Update
    of Appraisal (09/14/2015).
  coverage_tier: operative
obligations:
- id: hud-4000-1-ii-9-update-of-appraisal-full
  canonical_id: hud-4000-1-ii-9-update-of-appraisal-full
  section: FHA Single Family Housing Policy Handbook 4000.1, Part II — 9. Update of
    Appraisal (09/14/2015)
  type: do
  tags:
  - regulator-direct
  - fha
  - hud-handbook
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: FHA Single Family Housing Policy Handbook 4000.1, Part II — 9. Update
      of Appraisal (09/14/2015)
    source_class: hud-handbook
    source_url: https://www.hud.gov/hud-partners/single-family-handbook-4000-1
    snapshot_id: 8c03836f77f317e1
    fetched_at: '2026-05-23T00:28:40Z'
    content_hash: sha256:411430f29b13f9b54a2ebb0e6f6e7087ecd2b90d0da22eb0c8c792eaa2d7d0df
    paragraph_quote: '9. Update of Appraisal (09/14/2015) Handbook 4000.1 863 Last
      Revised: 11/26/2025 9. Update of Appraisal (09/14/2015) Appraisers may perform
      an update of a previously completed appraisal using the Fannie Mae Form 1004D/Freddie
      Mac Form 442, Appraisal Update and/or Completion Report, when requested by the
      Mortgagee. The Appraiser must adhere to the Scope of Work and Appraiser’s Certification
      listed on the form, which includes an exterior inspection of the subject Property
      from, at least, the street; and research, analyze and verify current market
      data to determine whether the Property has or has not declined in value since
      the effective date of the appraisal report being updated. If the Appraiser concurs
      with the original appraisal report and determines that the value has not declined,
      the Appraiser must indicate this on the form, provide any necessary comments,
      and provide a photo of the front of the subject Property taken from the public
      street. If the Appraiser does not concur with the original data report or the
      Property Value has declined, the Appraiser must indicate this on the form and
      a photo is not required. 10. RESERVED FOR FUTURE USE RESERVED FOR FUTURE USE
      Previous content from this section is deleted and this section is reserved for
      future use. II. ORIGINATION THROUGH POST-CLOSING/ENDORSEMENT D. Appraiser and
      Property Requirements for Title II Forward and Reverse Mortgages 11. Programs
      and Products Handbook 4000.1 864 Last Revised: 11/26/2025 11. Programs and Products'
  judgment: false
