All About FHA Appraisals. What are They, and Why are They Different?
Emilio, Greg Rice, and Matt Bates FHA Appraisals and how they are different.
What is an FHA Appraisal?
To help explain this, below is an excerpt from the FHA Handbook:
“If you use an FHA loan to buy a house, the property will have to be appraised and inspected by a HUD-approved home appraiser. This individual will determine the current market value of the property, and will also inspect it to ensure it meets HUD’s minimum property standards.”
FHA Appraisal Guidelines
For more on the FHA process and their guidelines, visit the FHA Handbook website here: Website.
Be sure to watch the video if you’d like to learn more about FHA Appraisals in more detail!
For More Information
To learn more about Nexus Property Management and the services they provide, visit: www.NexusPropertyManagement.com.
For more information on Movement Mortgage, visit: www.movement.com.