does fha require a home inspection

This inspection does not hold a candle to the inspection you can pay for separately from a home inspector. This is just the fha approved appraiser making sure the home meets the fha requirements. basically, the FHA wants to know that the home is safe, secure, and sound.

Though FHA emphasizes that an appraisal is not a home inspection, they do require additional reporting to verify the condition of the home.

FHA Does Not Require a Home Inspection. To reiterate, FHA loans do not require a traditional home inspection. But hud strongly encourage buyers to have one done. In fact, they require mortgage lenders to provide a disclosure that states the importance of having a proper home inspection conducted.

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The Federal Housing Administration does not require FHA borrowers to have a home inspection. But they strongly encourage it, and they even recommended it in writing. The FHA does require a property appraisal to be conducted for all FHA purchases. Now here’s where things are a little different.

The FHA mortgage program does not necessarily require a termite inspection unless there is evidence of a current or previous termite infestation. Some areas and lenders may still require a termite inspection before financing the home.

FHA does not require a home inspection unless the property is being re-sold less than 90 days after being refurbished, and the price is more than 20% higher the what the "flipper" paid for it. The do encourage home inspections in any case.

A home inspection is intended primarily for the borrower, rather than the lender. A home appraisal is generally required for most FHA transactions, with the exception of certain streamline refinances. A home inspection is usually optional, although strongly recommended by the Department of Housing and Urban Development and real estate.

Manufactured Home foundation requirements lenders and agencies require that a structural engineer perform a foundation certification. When considering the purchase or refinance of a manufactured home, lenders will require that the foundation meets HUD minimum guidelines when using a VA , FHA , or USDA home loan.

The house I was buying failed the FHA inspection and I did not buy it.. house and two days before the closing, the bank asked me to do some.

During a home inspection – which is recommended for an FHA-backed mortgage – the inspector will check the electrical systems, plumbing.

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