Is an FHA loan right for you? In a competitive market, finding a home is not the only problem buyers face. Those who plan to finance the purchase with an FHA-insured mortgage should remember that the property's condition must meet FHA (Federal Housing Administration) requirements as outlined in the FHA Handbook 4150.2. An FHA-certified appraiser must conduct a thorough inspection of the property when determining its value and report the findings to the lender in the FHA Uniform Residential Appraisal Report.
Post a Comment