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FHA loans are not intended for homes that do not meet standards. FHA guidelines require an evaluation of any visible defects that could affect the value of the home or safety of the occupants.

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October 23, 2017
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FHA.com is a private company, is not a government agency, and does not make loans.

Why Do I Need a Property Appraisal?

FHA Common Question #39

The FHA must assess the condition of a sale property to determine its market value, but there is another reason for the examination. FHA guidelines require an evaluation of any visible defects or deficiencies that could not only affect the value of the home, but also the safety of the occupants. FHA loans are not intended for homes that do not meet standards. Your health and safety should not be jeopardized by the purchase of a new home; the FHA has rules in place to prevent substandard housing from being passed on to FHA mortgage seekers.

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FHA Loan Articles and Mortgage News

Read About FHA Requirements, Updates, and Guidelines
Changes to FHA Loan Rules on Collections and Judgments

October 7, 2017 - In general, FHA loan rules require the lender to determine that judgments are resolved or paid off prior to or at closing. Judgments of a non-borrowing spouse in a community property state must be resolved or paid in full, with the exception of obligations excluded by state law.

Is There a No Money Down FHA Loan Option?

October 2, 2017 - The FHA Single-Family Home Loan program does not feature a no money down option. However, there are state and local programs that may offer assistance to home buyers, first-time home buyers, or home buyers who are in financial need.

FHA Loans, Disability Pay, and Proof of Income

September 25, 2017 - There are many common questions about FHA home loans, and more than a few uncommon ones. Income verification is one area where FHA loan applicants may experience the need for more information.

Are My Tax Returns Required for an FHA Loan?

September 20, 2017 - When you apply for an FHA home loan, there's a list of documents and documentation needed to process an FHA loan application. These are the minimum needed to establish an accurate picture of a borrower's credit and payment history.

Rules for FHA Loans Following a Short Sale

September 9, 2017 - FHA loan rules for new loans following a short sale may seem complex--the rules that apply to you often depend on the status of your mortgage loan prior to the short sale. But, when is a new FHA home loan possible following a short sale?