The FHA Handbook states that HUD’s primary concern “is the health and safety of the home buyer who will actually live in the house. Thus, most of their appraisal/inspection checkpoints have to do with health and safety aspects of the property. Above all, the home must be habitable and comfortable, without any potential hazards to the occupant.”
The handbook says it is a “common misconception that FHA appraisals are unnecessarily strict, and that any inspection ‘hits’ will end your chances of getting a loan. This is incorrect. In fact, the health-and-safety aspects of the FHA appraisal have gotten a bit more relaxed over the years. Additionally, most discrepancies are fully correctable. If they are corrected before the final inspection (when the appraiser follows up on the hit list), the loan can still move forward.”
For more information about FHA guidelines and loans, call 888-273-3020.