The roof must be durable enough last up to two years. Some of the hazards the inspector will look out for, and therefore must be in the FHA inspection checklist are: For a complete guide, you may refer to the guide of the HUD Department. These three things summarize the issues assessed in an FHA inspection. Soundness – the property should not have structural flaws.Security – the home must provide security for the property.Safety – the property must protect the health and safety of its occupants.The HUD requires that the properties financed through an FHA mortgage shall meet their minimum standards: ![]() If it is a condominium unit, the appraisal form asks for relevant information about the number of occupied units, the common areas, and the homeowners association. ![]() The Uniform Residential Appraisal requires the appraiser to report the description of the basic features of the house, such as the location, number of rooms, number of stories, the width and length of the property, and the year of construction. The inspector makes a record of the findings, which becomes the basis of the report. The assessment will include the property structure and other crucial details, such as the layout. What Do They Look for in an FHA Inspection?ĭuring an FHA inspection, the appraiser surveys the house. Streamline your FHA inspection with an app In this article, the following points are explained:ġ. Qualifying for an FHA loan means you can get into a new home with as low as a 3.5 percent down payment. FHA loans help low-income or low credit score people to buy a home. ![]() The results of the FHA appraisal determine if the property is qualified for financing. The HUD requires an appraisal if you are going to apply for an FHA loan. An inspection evaluates the condition of the property and determines potential safety issues. The difference between an FHA appraisal and an FHA inspection is that an FHA inspection does not assign a value to a property. A HUD-approved property appraiser performs the inspection using an FHA home inspection checklist 2018.Īn FHA inspection is different from an FHA appraisal. It guarantees that the roof, exterior, and foundation of a property are in perfect condition. An FHA inspection checklist helps ensure that the property passes the General Acceptability Criteria established by the HUD.
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