fha property condition requirements: FHA Guidelines For Property Condition | Dallas Home Buyer Information
- 03/12/10 05:37 AM
Home buyers who are pre-approved for FHA financing need to be aware of FHA's Guidelines for property condition. All buyers who utilize FHA financing to purchase their home will have a licensed FHA appraiser perform an appraisal. The appraisal is typically ordered by the lender once the home inspection process is complete and the option period has expired. In addition to determining an opinion of market value, an FHA appraiser must also note certain deficiencies that may exist with the property condition. Prior to 2006, FHA was considered by many to be overly strict with regards to property condition. In fact, many home … (3 comments)
Home buyers who are pre-approved for FHA financing need to be aware of FHA's Guidelines for property condition. All buyers who utilize FHA financing to purchase their home will have a licensed FHA appraiser perform an appraisal. 
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