Fha Inspection Requirements 2016

FHA: When an FHA loan is being used, the appraiser has two objectives. The Department of Housing and urban development (hud) requires him to determine the current market value, as with any appraisal. But they also require a property inspection to make sure the home meets HUD’s minimum standards for health and safety. This is the "double duty" mentioned earlier. It’s what makes the FHA appraisal …

Properties chosen by borrowers seeking an FHA loan undergo an inspection to determine the condition of the property and make sure it meets the health and safety standards set forth by the Federal …

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FHA Appraisal Changes and Requirements Requiring that the property meet minimum standards protects the lender. It means that the property should be easier to sell and command a higher price if the lender has to seize it. At the same …

The training topics will include property inspection requirements, appraisal validity period, manufactured homes, water and septic, attic and crawl space inspection, and the FHA Appraiser Roster.

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