FHA loans offer flexibility to borrowers with low credit scores and limited funds for a home down payment. But there’s one area where FHA lenders can’t be flexible: the appraisal. Any property that’s ...
The Federal Housing Administration (FHA) on Tuesday announced an increase in the appraisal validity period for all Single Family Title II forward and Home Equity Conversion Mortgage (HECM) ...
Q: I am an FHA certified real estate appraiser. In one of your articles, you painted an inaccurate picture of FHA appraisers, stating that they are not qualified to identify defects in a home.
The Appraisal Institute, the nation’s largest organization of real estate appraisers, has celebrated a significant victory for the appraisal profession in the wake of the Federal Housing ...
The Federal Housing Administration (FHA) announced new guidance for FHA mortgage appraisals on Wednesday, aimed at both the forward and reverse mortgage programs and designed to limit instances of ...
When selling your home, the goal is to get lots of strong offers from well-qualified buyers. Some of those offers may come from borrowers using loans backed by the Federal Housing Administration (FHA) ...
An FHA appraisal assesses your home’s market value and condition to determine whether it’s both safe to inhabit and a good investment. You’ll need to pass the FHA appraisal to receive an FHA loan for ...
StreetLinks National Appraisal Services announces its full compliance with FHA Mortgagee Letter 2009-28 released several weeks ago. FHA has long advised lenders and appraisers of the importance of ...
When Perry "Pat" Turner Jr. visits a house to do an appraisal, he usually just brings a camera, a note pad and a measuring device. But lately, the Richmond, Va., appraiser had to carry an expandable ...
Insured by the Federal Housing Administration (FHA), FHA loans provide financing for home buyers who may need a higher credit score or down payment to qualify for a conventional mortgage. But while ...
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