fha home inspection guidelines
Roofs and Attics. The appraiser must inspect the attic for evidence of possible roof problems. The roof cannot have more than three layers of roofing. If the inspection reveals the need for roof repairs and the roof already has three or more layers of roofing, the FHA requires a new roof.
2014 FHA House / Property Requirements; 2014 FHA Home Appraisal Guidelines; Where to Learn More. These are obviously not the only FHA home inspection checklists and requirements in 2014. These are just some of the more common discrepancies found by inspectors. To learn more about this subject, you can refer to the official HUD handbook.
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While FHA requirements define which closing costs are allowable as charges to the borrower, the specific costs and amounts that are deemed reasonable and customary are determined by each local fha office. Lender’s origination fee. deposit verification fees. Attorney’s fees. The appraisal fee and any inspection fees. Lender’s origination fee.
fha loan requirements in 2019 – FHA Loan Requirements Important FHA Guidelines for Borrowers. The FHA, or Federal Housing Administration, provides mortgage insurance on loans made by fha-approved lenders. fha Inspection Standards Checklist | Home Guides | SF Gate – During an FHA inspection, the property will be checked for issues regarding.
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The FHA appraiser must ensure that the well provides sufficient water flow to for all fixtures in the house, and that it is fully operational. Again, all of these FHA property requirements can be found in HUD Handbook 4150.2. Termite inspections are another FHA property requirement, but they are only required in certain cases.
FHA loan requirements fha loans are used for more than 25% of all home purchases in the United States. Understanding the FHA loan requirements well before you begin shopping for a home will help make the whole process much easier. There are specific FHA guidelines that are published in the FHA handbook and since there are hundreds of pages to read through, we outlined the key points that you.