THE 20 THINGS YOU NEED TO CHECK OFF BEFORE YOU GET AN FHA APPRAISAL

By
Mortgage and Lending with Caliber Home Loans NMLS# 242952

This is a checklist given to me by an Appraisal Management Company.  It can literally save you thousands of dollars and may prevent delaying or even killing a transaction due to property condition.

FHA APPRAISAL PREP CHECKLIST

1. Carbon Monoxide (CO) Detectors – ALL LEVELS

2. Electricity ON

3. Water ON

4. Gas ON

5. Water Heater DOUBLE STRAPPED

6. Hot Water – FUNCTIONAL

7. C/HA - FUNCTIONAL

8. Kitchen Appliances – FUNCTIONAL

9. Pool – FULL/EMPTY/GREEN MUST NOT PRESENT HEALTH/SAFETY ISSUE

10. Spa - FULL/EMPTY/GREEN MUST NOT PRESENT HEALTH/SAFETY ISSUE

11. Out building – Condition?

12. Safety? (Railings on decks/patios over 30” tall, hand rails for stairs w/more

than 3 steps)

13. (GFI’s within 6’ of water source IE: Kitchen, Bathrooms, Laundry, Sinks)

14. Soundness? (No broken/missing exterior windows/doors)

15. Security? (All doors/windows to be lockable and secure)

16. No exterior Peeling Paint or Bare wood

17. Any unpermitted buildings/additions? If so, completed in “Workman like

manner”?

18. Any noticeable dry rot or mold?

19. Any bare wires from light fixtures or wall plates? If so, cap with wire nuts.

20. Fire rated door from Garage entrance to Property

It’s very important you deal with a team of professionals that understand the nuances of FHA financing and property condition to help you navigate through the process.  We have one of the best teams in the business from underwriters to great local appraisers and are here to make your transaction a smooth one.

Garrick Werdmulller, Vice President of Mortgage Lending

510.282.5456/Garrick.werdmuller@guaranteedrate.com

https://www.guaranteedrate.com/GarrickWerdmuller

 

Looking to get pre-approved for your FHA or other home loan?

Within 15 minutes you can get approved, a free credit report, AND save $150.00 in closing costs!

Click here to apply now!

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Topic:
Mortgage / Finance
Location:
California
Groups:
Alameda California
Oakland California
Berkeley California
San Francisco Bay Area Real Estate
Jumbo Mortgages
Tags:
repairs
appraisals
fha financing

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Rainmaker
1,816,979
Ginny Gorman
RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in Southern RI and beyond

An excellent list for all to use Garrick!  thank you for sharing for all FHA buyers and buyer's agents as well.

Apr 17, 2014 09:10 AM #1
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