As a borrower, you may need to get a home inspection done, where a professional evaluates the condition of the house based on a visual assessment. The report will give you details on any problems with condition of the home.
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FHA Inspection Checklist By Sari R. Updated on 6/9/2017. Qualifying for an FHA loan for your new home must first satisfy a strict FHA inspection, including criteria for health, safety, and security. These inspections are a supplement to the FHA-approved appraisal.
and at least one borrower must occupy the property within 60 days of closing An FHA appraisal includes a strict inspection, assessing a home not only on value but also on minimum property standards.
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Inspection Checklist U.S. Department of Housing OMB A pr oval N . 25 7-0169 and Urban Development (Exp. 04/30/2018) housing choice Voucher Program Office of Public and Indian Housing Public reporting burden for this collection of information is estimated to average 0.50 hours per response, including the time for reviewing instructions,
Home inspections. A home inspection is not required for a home loan. The appraisal the lender receives is enough to show the property meets the FHA requirements. However, an FHA inspection is highly recommended. The appraisal does not check certain health and safety features such as, operating ceiling fans or light fixtures.
FHA Home Inspection Checklist & Guidelines This checklist was compiled as help for investors to ensure that they are renovating properties to FHA Standards to ensure that the buyers of their finished rehab projects will qualify for financing.