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fha home inspection requirements

fha home inspection professionals thoroughly examine homes that will be eligible for FHA loans. They check for physical problems that could.

Overview of 2014 FHA Inspection Guidelines. HUD Handbook 4150.2 includes most of the FHA inspection requirements for 2014. Most of them relate to the structural soundness and safety of the property. Here are some highlights: The Roof – The appraiser will check to make sure the roof is in good repair. It must have at least three years of life remaining.

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FHA home appraisals are required inspections for anyone applying for FHA financing. FHA home appraisals have stricter guidelines than most.

Inspector certifications vary. Not every state requires home inspectors to be licensed, and licenses can indicate different degrees of expertise. The American Society of Home Inspectors lists each state’s requirements here. Finally, your inspector and agent can advise you if you need a specialist for any aspect of your prospective home.

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According to the 2019 FHA appraisal guidelines, all properties being purchased with an FHA-insured mortgage loan must be appraised by a licensed, HUD-approved home appraiser. At a minimum, the appraiser must complete the following steps: Visually inspect the subject property both inside and out.

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Most Common FHA Appraisal Repairs Previous editions are obsolete Page 1 of 8 form HUD-52580 (4/2015) ref Handbook 7420.8 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

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FHA loans provide an option for home ownership to borrowers who may not qualify with other lenders, and often allow lower down payments and interest rates. An FHA insured mortgage can be used to purchase a new or existing home. A home inspection is recommended by the FHA as part of the loan process.

During the inspection, the appraiser will address multiple. These items make up the minimum eligibility requirements for an FHA-insured loan.. affect the structural soundness and use of the home.

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