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) ...
A buyer's sad tale highlights the importance of hiring a professional home inspector, even if the property has already been examined by a Federal Housing Administration appraiser. Q We purchased a ...
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 ...
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 ...
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