source:
  type: guide
  id: hud-4000-1-ii-c-required-analysis-and-reporting-2
  authority: FHA Single Family Housing Policy Handbook 4000.1, Part II — c. Required
    Analysis and Reporting (05/09/2022)
  description: FHA Single Family Housing Policy Handbook 4000.1, Part II — c. Required
    Analysis and Reporting (05/09/2022).
  coverage_tier: operative
obligations:
- id: hud-4000-1-ii-c-required-analysis-and-reporting-2-full
  canonical_id: hud-4000-1-ii-c-required-analysis-and-reporting-2-full
  section: FHA Single Family Housing Policy Handbook 4000.1, Part II — c. Required
    Analysis and Reporting (05/09/2022)
  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 — c. Required
      Analysis and Reporting (05/09/2022)
    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: 'c. Required Analysis and Reporting (05/09/2022) The Appraiser
      must provide a written narrative format or a commercially available reporting
      form. The appraisal report must include, at minimum, the following: • property
      address; • legal description; • owner of record; • occupancy; • assessment and
      tax information; • property rights appraised; • site size; • zoning; • highest
      and best use; • shape; • topography; • drainage; • availability of utilities;
      • site amenities; • drainage; • if it is located within a FEMA-designated SFHA;
      and • a sales grid, including: o detailed information on at least three comparable
      sales; o a quantitative comparison of those property attributes to the subject;
      o a comparison of the number of comparable unimproved properties sold to the
      number of offered and listed for sale to determine supply and demand, absorption
      rate, and other market data required so that the report is not misleading; and
      o certification and limiting conditions as included in Fannie Mae Form 1004/Freddie
      Mac Form 70, Uniform Residential Appraisal Report (URAR), Fannie Mae Form 1004C/Freddie
      Mac Form 70B, Manufactured Home Appraisal II. ORIGINATION THROUGH POST-CLOSING/ENDORSEMENT
      F. Appraiser and Property Requirements for Title I Loans 7. Reporting Requirements
      Handbook 4000.1 1150 Last Revised: 11/26/2025 Report, and any other forms and
      documentation necessary to comply with USPAP Standard 2. When completing the
      sales grid, the Appraiser must compare and appropriately adjust the sales of
      comparable unimproved building lots or sites for differences in location, size,
      zoning, utility connection or availability of utility connection, site improvement
      and any other pertinent factors. The Appraiser must then reconcile the adjusted
      sales into a value conclusion. The Appraiser must calculate and extract any
      costs to be incurred from razing the existing improvements and cleaning up the
      site from the value of the supporting land to arrive at a final conclusion of
      value of the site as if vacant and ready to be put to its highest and best use.
      7. Reporting Requirements a. Standard (05/09/2022) HUD does not provide a specific
      appraisal form to be used for valuation of a borrower- owned lot, or a Manufactured
      Home classified as Personal Property.'
  judgment: false
