High tension Towers and FHA loans in Concord CA to Concord NC

Home Inspector with 203kOnLine.com, covering the USA S0289

High tension towers can be a problem, most people just don't like them. Years ago I was one of three RE appraisers hired by Cal-Vet when I received a call about a home in Crockett CA. When I was asked to go appraise it, I immediately told my boss at Cal-Vet that we can't loan on that home. 

He asked "why?" and I informed him that I knew that house and there are high tension towers all around it. The home is clearly in the fall distance of a tower or two. 

He breathed a sigh of relief as he stated "I thought I trained you all better than that, but one of our other appraisers failed to mention it or show it in the photos, and we already made the loan and now we are getting it back." Wow, I couldn't believe it. Then he asked me to go ahead and appraise it so they could figure out what to sell it for.

A few years ago in Charlotte an FHA 203k loan was going from a Streamlined k to a Full 203k and they need a rush consultation. Most of them are rushes, by the way, lol. When I arrived I found a high tension tower adjacent to the house. Again, there was no photo in the appraisal, but the appraiser did mention in the addendum but only casually. If there is a high tension tower within the fall distance of the home, and this one was with twenty feet of a 100' tower, FHA doesn't make that loan guarantee. 

I called in to let the lender know about the tower and they killed the deal right then. This can be a conventional loan but in any case the problem needs to be addressed in the reports in all cases. 

Once discovered later on after the loan was made the lender would have to repurchase that loan. That is not a good situation.

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Erv Fleishman
Realty Associates - Boca Raton, FL
Luxury Prop Specialist Realty Associates

So, what do you think the issue is with high tensiion lines other then not being visually appealing.

Much has been claimed, but nothing has been proven in terms of health. 

Jul 20, 2012 12:30 AM #1
Mike Young
203kOnLine.com, covering the USA - Las Vegas, NV
FHA 203k Consultant 916-758-1809


HUD guideline refers only to the towers themselves. They don't seem to be concerned so much with the wires as they pass by your home. In a job in Hayward years ago we had two identical homes one backed to high tension wires and the other didn't, both had great views. The sales were $100,000 apart, the market actually tells you what that value is if you know how to read it. Thanks for the comment.

Jul 20, 2012 02:41 AM #2
Jack Mossman - The Nines Team at Keller Williams in Stockton
The Nines Team At Keller Williams - Stockton, CA
The Nines Team at Keller Williams in Stockton

Mike ... Do other potential "falling" issues also apply ... like say a cell tower or any other high rise item that if dislodged puts the home at risk?

Jul 20, 2012 11:12 AM #3
Mike Young
203kOnLine.com, covering the USA - Las Vegas, NV
FHA 203k Consultant 916-758-1809

Jack, not that I 'm aware of at this time. These towers are constructed to fall straight down in the event of a collapse so being in the "fall distance" is not always going to "hit the house' many times they just collapse on themselves I've heard. I've never personally seen or heard of one failing. 

Jul 21, 2012 01:29 AM #4
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