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Why FHA Appraisal Is Not EnoughOkay, so you're wondering why you paid for an FHA appraisal and home inspection report too. You found your dream home. Your mortgage lender requires an appraisal. Your Realtor says every smart buyer uses a home inspection checklist. Why both? FHA Loan RequirementsThe truth is FHA does not guarantee the condition of your home. An FHA appraiser estimates the home's value to verify the sales price is reasonable for the neighborhood. The appraisal makes sure the house meets minimum FHA loan requirements. Simply put, the FHA appraisal is for the mortgage lender. Home Inspection ChecklistOn the other hand, a home inspection report is 100% geared to a home buyer. Not only does it evaluate the general condition of a home, it points out what needs repairing or replacing, from toilet seal to roof.So impress your Realtor and surprise your mortgage lender. Just happen to let them know you understand an appraisal is for the mortgage lender and the home inspection checklist is for you! And rest assured, both the FHA appraisal and the home inspection report are necessary for buying a house. Streamlining FHA Mortgage LoansThere's so much more to discover about FHA mortgage loans. I've made it easy for you! Go next to FHA Streamline Refinance.Ask Kate QuestionsWhat if you could ask a mortgage insider anything you wanted regarding the FHA loan program? Now you can. Contact Kate is specifically designed to answer your questions and create dialog regarding mortgage financing.Ask Kate! now. Discover Kate's Best Mortgage Rate Blog, an entertaining source of information. Kate knows how to translate the secret language of mortgage lending, making it easy for anyone to understand. Valuable Resource For My Home Buyers and HomeownersSBI - A Fresh And Innovative Way To Create More Income Don't Miss More UniqueFHA Refinance |
