If you are trying to get a loan through the Federal Housing Administration (FHA) so that you can have a lower down payment, the property you are considering purchasing must meet certain standards. FHA requirements have changed, and no longer emphasizes minor repairs. However, the FHA still requires repairs necessary for safety of the property. Failing to make repairs so that the property meets FHA requirements can delay financing and scheduling of closing on the property. Trusted home inspection services will make sure they are up to date on all the most recent requirements from agencies like the FHA and the Veteran’s Administration.
In homes with swimming pools, a swimming pools FHA inspector will need to ensure that the pool’s pump is able to circulate water to meet property standards. When you choose your property inspector, look for one with thorough understanding of FHA requirements. A swimming pools FHA inspector will have a list of standards with which the home’s pool must comply before closing on the sale can be scheduled. If the pool is empty, you will have to fill it sufficiently so that the pump can be used to circulate water and to ensure that the pool holds water adequately.
Problems like leaking or worn roofs or any evidence of structural problems must be fixed before FHA financing can be finalized. In homes built before lead-based paint was banned in 1978, defective paint surfaces have to be repaired on both the interior and exterior of the property. Any standing water against the house’s foundations, or basements that are excessively damp will have to be addressed and re-inspected before closing. Faulty heating, plumbing, or electrical systems will likewise have to be repaired in order for the FHA to sign off on the financing and schedule closing.
You may or may not be required to repair things like cracked window panes or cracked exit doors that are still operable. Defective paint surfaces in homes that were constructed after 1978 may not have to be repaired either. Minor plumbing leaks, such as leaky faucets that can be fixed with washer replacement may not have to be repaired, and defective floor finishes may not require repair for the FHA to sign off on the property. Your home inspector can advise about what is likely to require repair and what can wait until after purchase.
Any property financed through the FHA must have a cooking area, though there are no specific requirements on how food is to be cooked or stored. Appliances must meet local building codes regarding electrical safety. If appliances are included with the home, they must be in proper working order. If appliances don’t work and the seller isn’t willing to fix them, you should consider removing broken appliances before your FHA inspection. MD Mold Testing offers comprehensive home inspection and environmental testing in Montgomery County, Maryland, Washington DC, northern Virginia, and Delaware and our inspectors are current and up-to-date on FHA requirements and home testing procedures.