As of March 27, 2020 FHA has released new guidelines to their appraisal requirements that are in effect until May 17, 2020. The new guidelines allow for FHA appraisals, including those for reverse mortgages, to be done without entering the clients home in order to avoid contact. They will now be doing Exterior Only inspections and desktop appraisals of the home from a computer. The client can still request the full inspection be done for the appraisal, if they would like. These new guidelines are optional. You can read the full Mortgagee Letter 20-05 on the HUD website https://www.hud.gov/sites/dfiles/OCHCO/documents/20-05hsgml.pdf

Please reach out to us at 503-427-1667 or Info@nwreverse.com if you have any questions or are wondering if you may qualify.