FHA inspection involves an appraiser taking a magnifying glass to your home to make sure it's safe. For a Federal Housing Administration (FHA) loan to be approved, the home must pass an FHA inspection ...
The Federal Housing Administration (FHA) has issued two mortgagee letters that update its guidelines related to home warranty and inspection requirements for single-family FHA loans. Mortgagee Letter ...
Q. The home I'm buying just had an FHA inspection and the inspector said that everything is OK. This concerns me because I've noticed little cracks in the walls at the window corners, the ceiling fan ...
Selling to a buyer who needs a Federal Housing Administration or Veterans Administration mortgage triggers an extra inspection before a mortgage can be approved. The inspection and the repairs that it ...
Starting Monday, Sept. 14, the Federal Housing and Urban Development (HUD) is including a mandate that instructs lenders to inform borrowers when they first meet to get a home inspection prior to ...
I am purchasing a home with FHA financing. I have been getting different opinions regarding a home inspection. Some are saying that FHA sends a home inspector out and therefore I do not need to have ...
THE 800,000 homebuyers who use the federal government’s largest housing finance program every year appear to be on the verge of getting a level of consumer protection that other homebuyers lack: ...
First-time home buyers looking to get a loan backed by theFederal Housing Administration may want to rethink that fixer upper. Homes purchased with a typical FHA-backed loan—known as a 203(b) ...
FHA loans can help borrowers with less-than-ideal credit and cash. But they aren’t perfect.