Do You Want To Save Your FHA Buyers Money and Time? This week I had a situation with an FHA appraisal assignment that I wanted to share with you. The thing that makes this one different from the others is that if it had been handled differently it would have saved the buyers money on […]
What is the FHA Rule for Heating and Cooling Systems?
November 8, 2017 By 75 Comments
Confused about the FHA Rule for Heating and Cooling Systems? I’ve received a lot of calls recently regarding the FHA rule for heating and cooling systems. You may have wondered what FHA heat source requirements are or what is considered a permanent heat source. Does FHA require central heat and air? Today we’re going to […]
How new FHA guidelines could cause appraisal costs to increase
October 13, 2015 By 4 Comments
How new FHA guidelines could cause appraisal costs to increase On September 14, 2015 the Federal Housing Administration (FHA) came out with a new and updated Single Family Housing Policy Handbook, also known as HUD Handbook 4000.1. This new handbook replaces the old 4150.2 handbook that appraisers have been using. The new policies in the […]
Are you worried that the home you’re buying with screw in fuses may not meet FHA/HUD guidelines?
May 20, 2013 By 7 Comments
I was looking at a home this week, for an FHA loan, that had screw in fuses. Have you ever seen these? They use to be common years ago, however at some point they were replaced with circuit breakers. I have been asked by homeowners and real estate agents if these fuses meet HUD’s minimum […]
FHA loans and messy homes
January 11, 2013 By 4 Comments
I recently appraised a home for a refinance loan that was not the neatest one I’ve ever seen. It was an appraisal for a conventional loan, which is not as strict as FHA loans are, so there were no issues or additional requirements. If this had been an FHA loan the appraisal may have turned […]
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