HUD/FHA
Appraisals
1st America
RES Certified
Appraiser Steve Maxwell is an approved HUD/FHA appraiser. HUD's
new 4000.1 inspection protocols several changes and updates to the
appraiser's reporting protocol. Qualifying for a FHA loan
is easier than ever and while the inspection process continues to be
more stringent than conventional type appraisal inspections, these
protocol changes have made qualifying for a HUD/FHA insured loan very
competitive to conventional type loans. Current FHA Questions and
Answers
are available on the web site at (Adobe PDF Required).
There are a few things that property owners need to remember before an FHA
appraisal inspection. The appraiser must have access to both
the crawl space and the attic, if present. Utilities must be turned on and
the furnace and air conditioning units will be switched on when
applicable. Bedroom windows need to be operable and if you
have one of these USTs:
Before
After
FHA
will most likely require it to be removed.
Appraising properties in rural areas can be a challenge, even more
so for an FHA appraisal. An FHA appraisal inspection does not take the
place of a highly recommended professional home inspection.
FHA 4000.1
Standards Are Here
1st America Real Estate Services
Marion, Illinois 62959
Phone/Fax (618) 997-9607 / Cell/Voice
Mail (618) 923-3629
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1st America Real Estate
Services
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