FHA Single Family Housing Policy Handbook 4000.1, Part II — b. Maximum Claim Amount (04/29/2024)

hud-4000-1-ii-b-maximum-claim-amount

FHA Single Family Housing Policy Handbook 4000.1, Part II — b. Maximum Claim Amount (04/29/2024).

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Verbatim regulatory text (1)

Verbatim provisions from FHA Single Family Housing Policy Handbook 4000.1, Part II — b. Maximum Claim Amount (04/29/2024) — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.

FHA Single Family Housing Policy Handbook 4000.1, Part II — b. Maximum Claim Amount (04/29/2024)

b. Maximum Claim Amount (04/29/2024) i. Definition The Maximum Claim Amount (MCA) is the lesser of the: • appraised value as determined by the Collateral Risk Assessment; • national mortgage limit; or • sales contract price (applicable only to HECM for Purchase). II. ORIGINATION THROUGH POST-CLOSING/ENDORSEMENT B. Title II Insured Housing Programs Reverse Mortgages 3. Allowable Mortgage Parameters Handbook 4000.1 592 Last Revised: 11/26/2025 ii. Standard The Mortgagee must determine the MCA at origination. When the collateral risk assessment determines that a second appraisal is required, the Mortgagee must use the lower of the two appraised values. The IMIP must not be taken into account in the calculation of the MCA. Closing costs must not be taken into account in determining appraised value.

Source: FHA Single Family Housing Policy Handbook 4000.1, Part II — b. Maximum Claim Amount (04/29/2024) · source URL · snapshot 8c03836f77f317e1

Operationalizing FHA Single Family Housing Policy Handbook 4000.1, Part II — b. Maximum Claim Amount (04/29/2024)

This is verbatim, source-snapshotted regulator text from the Claude for Compliance open corpus. To turn a rule like this into compliance work product: gap-analyze your policies and procedures (P&Ps) against these requirements to surface stale, conflicting, or missing provisions; operationalize any change with a ready-to-run update kit; and produce audit-ready evidence — every step grounded only in the regulator’s own words, never invented.

Source of record: https://claudeforcompliance.com/regs/hud-4000-1-ii-b-maximum-claim-amount/ · register hud-4000-1-ii-b-maximum-claim-amount · Claude for Compliance. Free to read and download; see regulatory updates and methodology.