FHA Inspection and Appraisal Requirements – SmartAsset – For a Federal Housing Administration (FHA) loan to be approved, the home must pass an FHA inspection and appraisal. That means it must be worth the purchase price and have such basics as electricity, drinkable water, adequate heat, a stable roof, fire exits and more. This guide will provide an FHA.
· FHA loan inspections look for the habitability and safety of the home to be purchased. Security, safety and soundness are areas considered.
Qualifying for an FHA loan makes it possible to get into a new home for as little as 3.5 percent down payment, making it an excellent opportunity for first time.
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