FHA inspection involves an appraiser taking a magnifying glass to your home to make sure it's safe. For a Federal Housing Administration (FHA) loan to be approved, the home must pass an FHA inspection ...
Q: I am an FHA certified real estate appraiser. In one of your articles, you painted an inaccurate picture of FHA appraisers, stating that they are not qualified to identify defects in a home.
An FHA appraisal assesses your home’s market value and condition to determine whether it’s both safe to inhabit and a good investment. You’ll need to pass the FHA appraisal to receive an FHA loan for ...
When Perry "Pat" Turner Jr. visits a house to do an appraisal, he usually just brings a camera, a note pad and a measuring device. But lately, the Richmond, Va., appraiser had to carry an expandable ...
I am purchasing a home with FHA financing. I have been getting different opinions regarding a home inspection. Some are saying that FHA sends a home inspector out and therefore I do not need to have ...
FHA loans offer flexibility to borrowers with low credit scores and limited funds for a home down payment. But there’s one area where FHA lenders can’t be flexible: the appraisal. Any property that’s ...
When selling your home, the goal is to get lots of strong offers from well-qualified buyers. Some of those offers may come from borrowers using loans backed by the Federal Housing Administration (FHA) ...
Should the appraiser you pay $400 to value a house you're buying tell you its innermost secrets _ that there are multiple safety code violations, the furnace is shot and the basement is loaded with ...
Written by Charles Gress, as originally published in The Reverse Review. While most homeowners may think a reverse FHA mortgage is a cinch, you can often be denied the loan if your home does not meet ...
QDEAR BARRY: When we bought our home, it passed the Federal Housing Administration inspection, so we assumed everything was all right and didn't hire a home inspector. Two weeks after closing, however ...
Selling to a buyer who needs a Federal Housing Administration or Veterans Administration mortgage triggers an extra inspection before a mortgage can be approved. The inspection and the repairs that it ...