FHA Home Loan Appraisal Requirements

by Megan from Moreno Valley, California USA

FHA Home Loan Appraisal Requirements Kate, We close on a house in a week and the FHA home loan lender tacked on $4600 for lender required repairs. We had the appraisal done but now the lender is saying they aren't requiring the repairs.

Is it required by FHA to have window screens on all windows? And I read that on heating and A/C units there has to be at least 2 years of remaining life left. Our A/C unit was vandalized. All they left was the shell.

Are these things that FHA requires to be repaired prior to closing?

Regarding FHA Home Loan Appraisal Requirements

Hi Megan, For these types of questions, you need specific and reliable answers from someone with an in-depth understanding of your situation. I am going to suggest three sources related to your FHA home loan.

1- Your real estate agent who is probably familiar with the nuts and bolts of an FHA home loan in your area

2- Your mortgage professional who can discuss your concerns regarding the FHA appraisal and home inspection (you had one, right?) with the underwriter approving FHA mortgage loans

3- HUD's At Home With FHA where homeowners discover solutions to challenges specific to FHA home loans

I hope you'll come back to my website again in the future. Of course, all of my information is free. You can also invite friends to comment on this page or create a page of their own like you did.

Best Wishes,

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Learn More About Your Dream Team

How to Buy a House Part 1 Meet your real estate agent and save yourself heartache and headache.

How to Buy a House Part 2 Meet your mortgage lender - Expect more than quoting the lowest rate or taking an application.

Check out List of Mortgage Companies, a local lender directory.

How to Get a Mortgage Part 3 Meet your home inspector and avoid buying a money pit.

How to Get a Mortgage Part 4 Meet your real estate appraiser - Does an appraisal assures you of a good deal?

How to Get a Mortgage Part 5 Meet your title insurance companies for coverage resulting in peace of mind.

How to Get a Mortgage Part 6 Meet your homeowners insurance agent because there is more to it than the cheapest quote.

How to Get a Mortgage Part 7 Meet your escrow and closing disclosure form, the guardian of your real estate transactions.

Title, Abstract Services and Escrow Agents, a mortgage service provider directory.

How to Buy a House Questions and Answers II.

How to Buy a House Questions and Answers I.

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