While all FHA loans require property appraisals, not all of them will require the submission of an FHA compliance inspection. These are only needed in specific circumstances. For example, if you are purchasing a home that is going through major remodeling or reconstruction or if it is being built brand new then you will be required to have this inspection done. In some cases, you may need to have more than one inspection, as well as a final inspection, completed on the property in order to qualify for an FHA loan.
This type of effort is needed to ensure that problems are being corrected, if they exist, or are being prevented during the construction. By doing periodic inspections, the FHA also helps protect you because you won’t have to worry about finishing construction and having a final inspection only to find out there are more things which need attention before the government will secure the mortgage.
Items typically requiring an FHA Compliance Inspection:
- Repairs or upgrades to Manufactured Home Foundations specified by a Professional Engineer
- Home repairs specified by an FHA Appraiser
- Roof repairs specified by a Roof Inspector
- Damage by WDO, wood destroying organisms
- Grading or site issues on a new Manufactured Home or Site Built Home
- Installation issues on a new Manufactured Home
- Construction or completion issues on a new Site Built Home
- Distance separation issues regarding septic tanks, wells and chemically treated soil.
- Additions to Manufactured Homes
- Verification of the proper completion of a new Manufactured Home or new Site Built Home