Appraisals for USDA loans must be completed by which of the following?

The requirement for appraisals for USDA loans is that they must be conducted by FHA roster appraisers. This is critical because FHA roster appraisers are specifically trained and approved by the Federal Housing Administration to ensure that the appraisals meet their standards and guidelines. The USDA utilizes the expertise of these appraisers due to their knowledge of valuation and market conditions, which is essential for ensuring that the property's value aligns with the loan amount and complies with USDA program regulations.

The expertise of FHA roster appraisers is particularly relevant since they are familiar with the nuances of rural properties and the unique factors that may affect the valuation process in these areas. This ensures that the appraisals are accurate and reliable, providing a solid foundation for any financing decisions made by the USDA.

In contrast, state registered appraisers or local property assessors may not have the specific training or familiarity with the USDA's criteria required for these loan programs, and certified residential appraisers alone may not necessarily be on the FHA roster, rendering them unsuitable for this purpose.