What If Appraiser Finds Home Does Not Meet HUD Guidelines

Most people are under the belief that FHA Appraisals are much more strict than other home appraisals. Many homeowners will not sell their homes to home buyers who are only qualified for an FHA Loan. FHA Appraisals were strict prior to the 2008 Housing Bubble and Real Estate Meltdown. However, it has eased up tremendously. The health, safety, security requirement has gotten lenient over the years. If the home fails to meet HUD Property Guidelines, the appraiser will give the homeowner time to fix it and the appraiser will come back for a re-inspection. Most deficiencies can be corrected by the seller and/or buyers. A re-inspection costs around $100. Broken windows, peeling paint, and other health/safety issues can easily be corrected. For more information on this topic and/or other mortgage/property related topics, please contact us at Gustan Cho Associates at 262-716-8151 or text us for faster response. Or email us at gcho@loancabin.com. We are available 7 days a week, evenings, weekends, and holidays.