Fha Appraisal Holes In Siding

Two of the exterior walls were particularly bad.

Fha appraisal holes in siding.

Any leaks or moisture due to a problem with the roof are noted will be noted on the appraisal report. For an fha appraisal one of the conditions i required to be repaired was extensive water damage to the masonite siding. This discovery process is similar to the appraiser s job in the basement the appraiser inspects the condition of the area and makes the appropriate observations. At a minimum the appraiser must complete the following steps.

I found one of the exterior walls had. About two weeks later i was asked to return to the home to verify repairs had been made. According to the 2020 fha appraisal guidelines all properties being purchased with an fha insured mortgage loan must be appraised by a licensed hud approved home appraiser. Holes in the roof or siding.

The fha requires that loans must close within 120 days of the appraisal and the original appraiser must return to the property within this timeframe to confirm that any necessary repairs have been made. Possible fha concern the brick on the side of this garage has had some serious movement. This is one of the biggest hot spots for an fha appraiser and rightly so. Their is no repairs that can be done the brick should be removed and replaced.

I could even push my finger into portions of it. Overview of fha appraisal guidelines for 2020. Driveway or sidewalk damage. We cover those requirements and how they compare to conventional appraisals.

Exposed studs or floorboards. For that matter asbestos potential in a popcorn ceiling that s falling down or in old cracked siding could also be an issue. If you re trying to buy a house using an fha loan your fha lender will typically require an appraisal to validate the value of the home. Similar to conventional home loans fha loans feature fha appraisal requirements mandated by the hud.

For an fha loan in addition to placing a value on the property the appraiser is looking for several potential hazards that could cause safety issues. Any noticeable holes water damage or other problems are also noted. Visually inspect the subject property both inside and out. Not a problem where the paint is in good shape but where it could possibly be ingested even on outbuildings.