FR-6609-N-01 Request for Information Regarding Single Family Minimum Property Requirements (MPR)

A veteran Certified General Appraiser argues that appraisers lack the specific training and insurance coverage to certify the condition of home components. The commenter suggests that if condition certification is the goal, a professional inspector should be engaged instead of relying on the appraisal.

An experienced FHA appraiser argues that the current minimum property requirements (MPRs) exceed the scope of an appraiser's expertise and training, potentially leading to inaccurate results. The commenter suggests that FHA should modernize its requirements to align with FNMA/VA standards or require a separate home inspection for detailed condition reports.

An individual appraiser supports modernizing the Minimum Property Requirements (MPRs) to make them more concise and easier to identify. The commenter argues that the current requirements overlap with home inspections and suggests rewriting the handbook to remove these burdens from appraisers and requiring professional home inspections instead.

The commenter argues against relaxing Minimum Property Requirements (MPRs) because they provide a necessary safety net for borrowers who may lack the funds for unexpected repairs. They emphasize that consumer safety and homeownership success should be the priority, advocating for mandatory home inspections by trained professionals.