Septic system installation FHA vs FannieMae

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

Septic system installation FHA vs FannieMae

203k Septic issues Mike Young TeamEveryone knows that the FHA calls for a Septic tank to be at least ten lineal feet from the home or structure. Well that isn't the case with FannieMae. FannieMae says whatever the local community standards are will be acceptable. 

Why is this important? If I were a lender I would input a "Supplemental Requirement" for my company that adhered to the FHA standard regardless of what FannieMae requires, That is entirely possble for lenders to do.

Well, this would increase the pool of borrowers/buyers if we ever had to take that home back to include all FHA buyers. It is just common sense to me, but who am I? LOL

I was sitting in a restaurant the other day when the owner of the restaurant said I looked like a celebrity... she couldn't think of who for a little while when she blurted out "Rodney Dangerfield"... Mr. "I don't get any respect" himself.  I disagree with her. It used to be Paul Stookey of Peter, Paul and Mary when I had my mustache and goatee. 

 

 

 

 

 

Downtown

 

Posted by

Mike Young, 203k Team Leader    Mike ready for your 203k order

To learn more about the FHA 203k loan program go to www.203kOnLine.comWhat is your fee? 

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Topic:
Real Estate Best Practices
Location:
California Lake County Clearlake Park
Groups:
Realtors®
Century 21 Network
Coldwell Banker Group
Northern California CRS Chapter
Solano County CA
Tags:
placer county
solano county
fha 203k septic requirements
pumas county
fnma septic requirements

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