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what does an appraiser look for for an fha loan

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 · 2 FHA [s Office of Single Family Housing Training Module Today [s Presentation An in-depth look at: FHA’s single family housing policy handbook 4000.1 (sf handbook), Appraisal and Property Requirements

The FHA appraiser will look at all of the major components of the home, including some appliances such as refrigerators and microwaves, the attic, the basement and the home’s heating and air.

For an FHA loan, in addition to placing a value on the property, the appraiser is looking for several potential hazards that could cause safety issues.

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An appraiser will also look for any health or safety concerns in the home. If a significant amount of red flags are raised, this could halt the home buying or selling process. Whether you’re looking to buy or sell a home, it is important to know what appraisers look for during an appraisal. How Do I Prepare for a Home Appraisal?

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Typically, the appraisal requirements for a government loan are stricter than those for a conventional loan. For example, FHA requirements are so strict that if an appraisal does not meet standards in regards to noxious odors, environmental contaminants or any other health or safety violation, the loan will be turned down by the lender.

February 15, 2017 – One frequently asked question about the FHA loan process is related to FHA appraisals and the minimum requirements for the roof of the home. It’s the appraiser’s job to look over the home, make sure it meets FHA standards, and assign it a fair market value.

The guard told him that the bank does not deal with the general public. They bought pooled packages of real estate loans. This was all very scientific, the lenders were told. It diversified risk.

February 15, 2017 – One frequently asked question about the FHA loan process is related to FHA appraisals and the minimum requirements for the roof of the home. It’s the appraiser’s job to look over the home, make sure it meets FHA standards, and assign it a fair market value.

Here is a general list of what an FHA appraiser looks for during an inspection: Utilities should be turned on so the appraiser can test systems and appliances. Appliances must function properly. There should be proper drainage around the perimeter of the house.

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