Comments on: USDA FHA Let’s Get it Right

By: bubba jay / Retired Appraiser II

bubba jay / Retired Appraiser II — Tue, 22 Sep 2015 21:17:48 +0000

all this article is saying is that the USDA FHA is expecting the purchaser to get a whole home inspection.

SO WHAT?

we already KNOW we dont do whole house inspections! appraisers will still have to do their own inspections of all the appliances, and a partial inspection of the property according to the new handbook. nothing has changed and nothing in this article is new unless i am missing something.

WHAT WE NEED, is mandatory whole house inspections, done by trained and licensed whole house inspectors, so appraisers can focus on what they are trained and licensed to do, which is APPRAISING.

the bleeding continues . . . . .

By: Elizabeth Morse Rhodes on Facebook

Elizabeth Morse Rhodes on Facebook — Tue, 22 Sep 2015 16:05:57 +0000

Does this mean that the appraiser will receive a copy of the inspection report? If we don’t, what if we miss something?

By: Richard Barnes

Richard Barnes — Tue, 22 Sep 2015 13:44:48 +0000

I researched this letter when it was sent to me yesterday and as I read and understand it the Whole Home Inspection is only required for the USDA Direct Loan program which is for low-mid income families. There are different eligibility requirements from other USDA loans. I confirmed this with a local lender who stated lender’s aren’t involved in these and also that direct loans are the ones with a recapture.

By: Herb Martin on Facebook

Herb Martin on Facebook — Tue, 22 Sep 2015 13:16:48 +0000

I’m refusing FHA appraisal, I didn’t get in this business to crawl through Attics and crawl spaces. I did enough of that when I was young