The department of housing and urban development hud requires him to determine the current market value as with any appraisal.
Fha inspection garage flooring.
Possible fha concern the brick on the side of this garage has had some serious movement.
Inspectors will examine the walls ceilings and floors for.
A quick glance under a sink to see rotting floors and moldy walls will nix a loan every time.
Federal housing administration fha loans must meet safety security and soundness standards which includes areas like roofs electrical water heaters and property access among others.
When an fha loan is being used the appraiser has two objectives.
Water in the crawl space is a definite no no as is significant water standing in.
But they also require a property inspection to make sure the home meets hud s minimum standards for health and safety.
During an fha inspection the property will be checked for issues regarding the foundation walls floors roof paint and drainage.
Watch for soft floors around toilets and tubs leaky faucets roof leak stains in the ceiling.
Department of housing and urban development hud requires this plus an inspection of the home s condition in order to pass inspection the home must meet minimum safety.
Accessed march 20 2020.
Accessed march 20 2020.
What is an fha inspection and appraisal.
This is to make sure the home is worth the selling price.
Fha repair and inspection requirements for existing properties and revisions to fha appraisal protocol pages 2 3.
Typically a mortgage lender requires an appraisal of the true value of the home to be purchased.
Serious issue possible fha concern this wood rot found just below the roof is caused from rain water or ice build up in the winter.
This is one of the biggest hot spots for an fha appraiser and rightly so.