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 ...
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 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) ...
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VA vs. FHA Loan: Requirements and Costs
VA loans and FHA loans both aim to make homeownership more accessible, but they serve different groups and have distinct ...
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 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 ...
The deadline has arrived for mandatory submissions to the Federal Housing Administration's Electronic Appraisal Delivery portal, but as many as one-third of lenders that originate FHA-insured ...
Q: My wife and I put a very good offer on a house in West Mayfair, but the seller turned it down because we are using an FHA loan. We don’t have enough money saved to switch to a conventional loan.
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