Market research:Appraisers research selling prices for comparable homes by reviewing homes that closed in the same general area and typically closed during the past six months. They use their findings from the site visit to estimate the market value of the home. FHA appraisal and inspection checkl...
For a more detailed checklist of FHA appraisal guidelines, refer to the 2025 version of HUD Handbook 4000.1. You'll find it on the HUD.gov website in both PDF and web formats. Making Repairs After the Inspection There's a common misconception that FHA appraisals are unnecessarily strict or ...
money! Thanks.”– J Joslin FHA Appraiser Inspection Checklist eBook by Lore DeAstra, MBA, MRICS, SRA, CDEI This popular guide, used successfully by thousands of appraisers includes information on FHA appraising, with explanations, pictures, hot tips, and links. Author Lore DeAstra,…Read More...
If an area of the home contains asbestos that appears to be damaged or deteriorating, the FHA requires further inspection by an asbestos professional.15 Bathrooms The home must have a toilet, sink, and shower.16This requirement might sound silly, but you'd be surprised what people will take ...
Consider the Advantages of Discount PointsThe Appraisal Fee When You Buy a HomeLearn About FHA Loan PrepaymentsYou're Almost There When You Get Your Loan ApprovalDon't Forget Your Closing ChecklistA Few Tips About Your Fixed Rate MortgagePutting Money Into Your Escrow AccountHome Equity Can ...
Buyers Often Confuse FHA Appraisal with a Home Inspection
FHA loans have limits on how much you can borrow depending on the type of property you’re financing and where you’re buying. In 2025, the FHA loan limit for a single-family home in most counties is $524,225, but it can be as high as $1,209,750 in higher-cost areas. ...
Divorce and Attorney Links Expert Witness Faster Appraisals Mortgage Fraud FHA Approved Foreclosure/REO Appraisal About AVM's About PMI Assessment Appeal Services & Attorney Links Date of Death Valuations Estate FAQ For Buyers For Homeowners Home Buyer Checklist Inspection Tips Pre-Listing Appraisals Priva...
Eligible properties include single-family homes, multi-unit properties and some manufactured homes. The home must be your primary residence. What disqualifies a house from an FHA loan? Properties that don't pass a health and safety inspection or meet the "3S" criteria (safe, sound and secure)...
When considering FHA 203(k) loans, note that there are two main types: Limited and Standard. They share some similarities, such as a down payment as low as 3.5%. You don't have to be a first-time homebuyer to qualify, although the property does need to be your primary residence. How...