Home Inpectors and FHA Loans

FHA loans provide an option for home ownership to borrowers who may not qualify with other lenders, and often allow lower down payments and interest rates. An FHA insured mortgage can be used to purchase a new or existing home. A home inspection is recommended by the FHA as part of the loan process. The inspection provides a layer of protection for you as the home owner, as well as for the mortgage lending institution. It is advisable for the sales contract for your home purchase to include a contingency stating that the sale of the home is dependent upon a satisfactory home inspection. The actual inspection involves a visual walk-through to assess the physical condition of the home and to identify any flaws that need to be addressed, such as obvious mold or structural issues. The findings are documented in a detailed report provided by the home inspector.