Fha Appraiser Requiring Siding Be Replaced

I searched this topic but failed to find anything relevant.

Fha appraiser requiring siding be replaced.

This page was updated in january 2020 and to include the latest information on fha appraisal guidelines and requirements for 2020. 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. I could even push my finger into portions of it. For example fha appraisal requirements call for the home to be appraised and inspected by an fha approved appraiser.

Two of the exterior walls were particularly bad. Similar to conventional home loans fha loans feature fha appraisal requirements mandated by the hud. Components of appraisal guidance property requirements fha requires underwriting of property condition as well as valuation. 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.

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. For an fha appraisal one of the conditions i required to be repaired was extensive water damage to the masonite siding. We cover those requirements and how they compare to conventional appraisals. Appraiser requirements to observe analyze and report appraisers requirements spelled out in one place clearly.

Property appraisals are one of the many requirements. Otherwise a new appraisal is required and the process starts all over again although a 30 day extension is possible under some circumstances. 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.