Fha Appraiser Requiring Siding Be Replaced

The fha fee appraiser is not required to enter crawlspaces walk on roofs or perform other duties for which they have no specialized equipment or safety gear for that s something to discuss.

Fha appraiser requiring siding be replaced. Property appraisals are one of the many requirements. Fha appraisers are not required to be specialists in any one particular area an appraisal is a multi faceted more general process than a home inspection. For an fha appraisal one of the conditions i required to be repaired was extensive water damage to the masonite siding. Appraiser requirements to observe analyze and report appraisers requirements spelled out in one place clearly.

Components of appraisal guidance property requirements fha requires underwriting of property condition as well as valuation. This person must follow stricter standards set by the government. I could even push my finger into portions of it. If you re trying to buy a house using an fha loan your fha lender will typically require an appraisal to validate the value of the home.

We cover those requirements and how they compare to conventional appraisals. I searched this topic but failed to find anything relevant. Similar to conventional home loans fha loans feature fha appraisal requirements mandated by the hud. An appraiser will observe the property s condition during the required property appraisal and report the results on the fha s appraisal form.

For example fha appraisal requirements call for the home to be appraised and inspected by an fha approved appraiser. If you use an fha loan to buy a house the property will have to be appraised and inspected by a hud approved home appraiser. Otherwise a new appraisal is required and the process starts all over again although a 30 day extension is possible under some circumstances.