Friday, October 9, 2009

FHA Appraisal and Property Requirements


One of my clients in Montgomery County, Maryland is purchasing a home using an FHA Loan. We had a contract ratified and recently had a home inspection. Below is a link reviewing FHA's overall standards and requirements,which we looked at to get an idea of what to expect from my client's lender (after he receives the appraisor's report).

I thought that if you are considering purchasing a home with an FHA loan,you may find this link
to be beneficial.

http://www.hud.gov/offices/hsg/sfh/ref/chap1.cfm provides the overall FHA requirements.
The Content is current as of 10/12/07.

Consult with your lender or I can refer you to a lender for more information on loans on which loan would be most advantageous for you to use. There are homes for sale which may not be eligible for FHA loans...
we'll talk about this in our home buyer consultation and as we go through the home purchasing process together,if we come across such homes.

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