I get a lot of questions about FHA appraisals and what types of repairs are required, and which ones are not. As I have stated in a previous blog post, most items of repair in an FHA appraisal are related to safety, soundness, and security. Some items will definitely need to be repaired before the […]
FHA Appraisal Red Flag: Water In The Basement
February 16, 2011 By 2 Comments
I recently did an inspection on a property that was being purchased with FHA financing. I’m always asked by real estate agents, buyers, sellers, and mortgage lenders, “what do you look for when you do an FHA appraisal compared to a conventional one?” One of the items we look for is moisture in either the […]
Birmingham, Alabama Real Estate Agent Tips: What is an MPR?
October 27, 2010 By 11 Comments
I talk with real estate agents quite a bit in my day to day work as a real estate appraiser. It seem like FHA appraisal requirements are the most confusing to them in relation to what appraisers look for during our appraisal inspections. By knowing what an appraiser looks for, the agent can better prepare […]
Is Peeling Paint Killing Your FHA Loan?
February 27, 2010 By 26 Comments
I recently did an inspection for an appraisal on an FHA refinance loan. It was an older home that had been undergoing some updates and renovations. One of the biggest problems I see on older homes, and one which this home had, is peeling and chipping paint. This is not an issue with conventional loans […]
Realtor Tips For FHA Appraisals
February 25, 2010 By Leave a Comment
In recent months FHA financing has been on the increase. With the decline of the sub prime lending market, and related creative financing programs, many lenders have been offering FHA loans to many homeowners for refinancing and home purchases. Current FHA requirements are not as stringent as they once were. If you are interested in […]
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