FHA Appraisals 101

    If you are thinking of purchasing a home with an FHA loan, it is important to know the difference between what FHA appraisers look for vs what an appraiser would look for on a conventional loan. FHA appraisers are there to inspect the property, while a conventional appraiser is simply determining the value of the home. The FHA appraiser will not only be determining the market value, but they will also be inspecting to make sure the home meets HUDs guidelines for health and safety. This can often make getting a fixer upper type property with an FHA loan more difficult. Click here to learn more about FHA Appraisal guidelines or contact us today to be put in touch with a loan officer who can discuss your options.

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