fha minimum property standards checklist

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This is not a full list of all property conditions for FHA loans. There is a lengthy checklist that a licensed inspector will be looking for. Most homes pass without any issue, but occasionally properties fail the inspection. If a property that you want to purchase does not meet the minimum property standards, there is still hope.

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Among other things, the new handbook explains the minimum property condition standards and requirements for homes purchased with an FHA loan. Many of these guidelines are the same as last year, with a few updates. Here’s a quick overview of the 2018 FHA property requirements, according to HUD Handbook 4000.1.

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The Department of Housing and Urban Development, or HUD, oversees the FHA and sets minimum property standards that lenders must adhere to. Lenders use an appraisal inspection process to help them.

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HUD minimum property standards 2017. The Housing and Urban Development, or HUD requires the appraiser to check for various health and safety items as well as quality construction items to ensure the property meets HUD’s minimum property requirements and meets the HUD Handbook 4150.2 for hazards and adverse conditions such as:

Overview of FHA Appraisal Guidelines for 2019. According to the 2019 FHA appraisal guidelines, all properties being purchased with an FHA-insured mortgage loan must be appraised by a licensed, HUD-approved home appraiser. At a minimum, the appraiser must complete the following steps: Visually inspect the subject property both inside and out.