AC-018 FHA Credit Policy Updates
FHA Credit Policy Updates
FHA published upcoming changes to Single Family Housing Policy Handbook 4000.1 via FHA Info 2022-68 along with other important credit policy updates published via Mortgagee Letters 2022-09 and 2022-11.
This bulletin summarizes the updates and revisions published by the Federal Housing Administration (FHA) and the timing of their implementation.
Revised Appraisal Validity Period – Mortgagee Letter 2022-11
On July 12, 2022, FHA published updates to its requirements for appraisal validity period with Mortgage Letter 2022-11 bringing FHA’s appraisal validity to be in closer tune to the appraisal validity as other loan products, and the effective date can be applied to FHA Case Numbers assigned on or after June 1, 2022, as noted below: