Posts Tagged: USDA

USDA Handbook Revisions Will Soon Be Effective

Posted by & filed under Blog.

Valuation Management Group wants you to be up to date on the most recent industry changes.  The USDA is revising Handbook HB1-3555. The effective date is March 9th, 2016.  The revised handbook can be accessed by clicking HERE. Additions to the handbook for Residential Appraisal Reports located in Chapter 12 are: USDA may be added… Read more »

USDA Requires Home Inspection

Posted by & filed under Blog.

Tony Hernandez, the Administrator of Housing and Community who facilitates programs of the United States Department of Agriculture Rural Development (USDA), distributed a recent memorandum informing state directors that the USDA will begin requiring whole house inspections on existing dwellings. The USDA – Section 502 Direct Loan Program requires all loan applicants to obtain and… Read more »

Valuation Management Group Shares USDA News

Posted by & filed under Blog.

Valuation Management Group’s Quality Assurance Department wants to share positive changes to USDA guidelines. On May 14, 2015 the USDA has announced three technical clarifications to Chapter 12 of the 3555 Guaranteed Loan Technical Handbook in regards to property and appraisal requirements. The handbook will be updated and provide clarifications which are noted to be… Read more »