FHA MINIMUM PROPERTY REQUIREMENTS AND STANDARDS – GRADING AND DRAINAGE (proper drainage control measures include gutters and downspouts OR appropriate grading or landscaping to divert the flow of water away from the foundation. INDIVIDUAL WATER SUPPLY AND SWEAGE SYSTEMS (are all owed but must be located for proper distance from home and each other.
· Chipping, cracking, peeling or flaking paint in a pre-1978 home is a mandatory safety concern, and must be repaired prior to VA loan approval. lead-based paint constitutes an immediate hazard that must be corrected, unless testing shows that lead is not present in the paint at a level above that permitted by law.
Common FHA Requirements – Four Seasons Appraisal S – Common FHA Requirements. Houses built before 1978 require any peeling paint to be repaired anywhere on the property (sheds, garages, windows, soffit and fascia, etc.) Is there a well or septic on the property? They should be 50′ apart and the well should be at least 10′ from the property line. A shared well is acceptable with a written agreement.
. mindful of peeling paints because government insured loans like FHA and VA loans are going to require peeling paints, that was done before 1978, to be removed because of lead based paint issues..
fha appraisal questions: Peeling Paint, Electrical Outlets. – FHA Appraisal Questions: Peeling Paint, Electrical Outlets. We frequently get FHA appraisal questions in our comments sections. Here’s one of the latest: "Im trying to purchase a home and I have an FHA loan. The only thing Im concerned about is the peeling paint outside and that some of the outlets arent grounded.
FHA Appraisal Tip – Peeling Paint – YouTube – This peeling paint would have to be removed and repainted in order to satisfy the FHA requirements. Sunbelt Appraisals is a full service residential appraisal company located in Orlando Florida.
how much is a normal down payment on a house How Much Do You Need for a Down Payment on a House. – How much do you need for a down payment on a house? Most conventional lenders offer home loans with either a 10% or a 20% down payment, although some lenders offer loans requiring as little as 5%.explain how a reverse mortgage works reverse mortgage vs. home equity loan Home Equity Loans for Seniors vs Reverse Mortgage in Canada – Home Equity Loans are a good option for seniors that can afford a monthly payment and require a larger amount than a Reverse Mortgage can provide. Equity lenders generally do not lend beyond 65% – 75% of the appraised value of the home.HOWARD ON MORTGAGE FINANCE | Commentary on current. – Commentary on current mortgage finance issues. This past Saturday marked the third anniversary of the initial live post on Howard on Mortgage Finance. I began it in response to my perception that the dialogue on mortgage reform was being dominated by ideological and competitive critics of Fannie Mae and Freddie Mac who over the past two decades had created provably false stories about the.
How much home can you really afford? – each with its own set of guidelines and rules, says Ken Pederson, branch manager for FAIRWAY Independent Mortgage Corp. in Lancaster. “Conventional loans are primarily governed by Fannie Mae and.
FHA.com Reviews. FHA.com is a one-stop resource for homebuyers who want to make the best decisions when it comes to their mortgage. With our detailed, mobile-friendly site, individuals can access information about different FHA products, the latest loan limits, and numerous other resources to make their homebuying experience easier.