With an FHA mortgage, there are several property conditions that must be fulfilled in order to get loan approval. Properties chosen by borrowers seeking an FHA loan experience a review to determine the condition of the house and be certain it matches the health and security standards set forth by the Federal Housing Authority (FHA). It ensures that the house is habitable and safe to be occupied. The review is covered by the debtor and must be performed by an accredited FHA inspector.
Structural Inspection Items
During an FHA review, the house will be checked for issues regarding the foundation, walls, floors, roof, drainage and paint. Inspectors will examine the walls, ceilings and floors for important cracks or holes, evidence of water damage and other conditions that could impact the integrity of their framing or foundation. The roofing is inspected for damaged or missing shingles and indications of leaking. Inspectors also make sure that the grading of the lot drains water from and prevents standing water from collecting around the structure, according to Teri Marshall, senior loan officer with Huron Valley Financial at Michigan.
Inspectors will examine the electrical, plumbing and heating for signs of defective or inoperable systems. Electrical systems are scrutinized for operating sockets and switches, and wiring that’s not frayed, loose or exposed. While working air conditioning isn’t necessary in FHA inspections, the warmth has to turn on and be in working condition. Inspectors assess the plumbing for running hot water, any leaks and problems together with the water pressure, according to the U.S. Department of Housing and Urban Development. Additionally, toilets, bathtubs and sinks or showers must be present and working during the review.
Beyond structural and mechanical systems of a house, there are other items found on the house that has to be checked during FHA inspections. If there is a pool within the property, the pool pump has to be in working order and the water clear and safe, according to real estate agent Mark Shandrow of the Shandrow Group. Inspectors will explore for any kind of rodent or insect infestation on your property. No stairs or doors may be missing, and all doors should work. Any system has to be in functioning condition, When appropriate.
Structural problems, standing water around the home, inoperative or faulty mechanical methods and defective paint surfaces are required to be repaired before loan approval. FHA required repairs have to be performed by registered or licensed trades people. Completed repairs must be verified and documented by an appraiser or other qualified individual, according to the U.S. Department of Housing and Urban Development.