FHA home inspections

FHA home inspections

FHA has many benefits for the home purchaser.  Minimal down payment is perhaps the greatest benefit for buyers.  Just 3.5% down payment on a home and you can get financing.  This is a common program with first time home buyers.  The draw back with FHA is the rigid home inspections.  FHA home inspectors are certified for FHA inspections and the home must meet certain criteria for it to go FHA.  For example, the home must have hard wired smoke detectors.  Also, it can’t have any significant pealing or flaking paint.  Pay close attention to safety rails along stair ways and egress. Electrical must be up to code with circuit breakers and no asbestos on the pipes.  If there is a well inside the home it must be capped if not in use.   If the septic or well fail they must be replaced or repaired.   These are  a few examples of the lengthy list for FHA home inspection criteria.  If your considering selling your home perhaps have an FHA home inspector pre inspect your home before you publish it on the market.  Perhaps knowing ahead of time what some of the issues with your home are and resolve them prior to putting it up for sale.  The FHA home inspection standard is high but it can be comforting to know your home can go FHA for future buyers.