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 ...
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 ...
An FHA appraisal confirms that your home will qualify for an FHA loan. It's not an inspection, but the FHA appraiser will check for structural soundness and safety. Some or all of the mortgage lenders ...
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) ...
The Federal Housing Administration (FHA) today announced several significant policy changes that are intended to improve their exposure to risk. The changes, effective January 1, include: Modification ...
In order to comply with HERA's requirements governing who qualifies as an FHA-approved appraiser, and in order to implement this change in appraiser eligibility requirements in a manner that was not ...
After outlining a plan that would require appraisal submissions through its Catalyst Electronic Appraisal Delivery (EAD) software last year, the Federal Housing Administration (FHA) announced this ...
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 ...
The Federal Housing Administration’s investigation into possible appraisal inflations on reverse mortgage loans revealed an issue the agency decided it must address. On Friday, the FHA announced that ...
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