An FHA inspection checklist guarantees that a property meets the General Acceptability Criteria set by the United States Department of Housing and Urban and Development (HUD). Learn more about it and how to use an FHA inspection checklist for the loan approval of a property.
Use this comprehensive FHA inspection checklist to assess the livability of the property. Begin the inspection by taking pictures of all sides of the house.Download template
Use this template for your FHA Appraisal Checklist to estimate the market value of the property. Take photos of the property and comparable real estate transactions.Download template
Use this FHA home inspection checklist template to thoroughly inspect the entire property in an easy and structured way. Take photos and make notes.Download template
Lumiform enables you to conduct digital inspections via app easier than ever before.
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An FHA inspection checklist helps ensure that the property passes the General Acceptability Criteria established by the HUD. It guarantees that the roof, exterior, and foundation of a property are in perfect condition. A HUD-approved property appraiser performs the inspection using an FHA home inspection checklist 2018.
An FHA inspection is different from an FHA appraisal. The difference between an FHA appraisal and an FHA inspection is that an FHA inspection does not assign a value to a property. An inspection evaluates the condition of the property and determines potential safety issues.
The HUD requires an appraisal if you are going to apply for an FHA loan. The results of the FHA appraisal determine if the property is qualified for financing. FHA loans help low-income or low credit score people to buy a home. Qualifying for an FHA loan means you can get into a new home with as low as a 3.5 percent down payment.
During an FHA inspection, the appraiser surveys the house. The assessment will include the property structure and other crucial details, such as the layout. The inspector makes a record of the findings, which becomes the basis of the report.
The Uniform Residential Appraisal requires the appraiser to report the description of the basic features of the house, such as the location, number of rooms, number of stories, the width and length of the property, and the year of construction.
If it is a condominium unit, the appraisal form asks for relevant information about the number of occupied units, the common areas, and the homeowners association.
The HUD requires that the properties financed through an FHA mortgage shall meet their minimum standards:
These three things summarize the issues assessed in an FHA inspection. For a complete guide, you may refer to the guide of the HUD Department.
Some of the hazards the inspector will look out for, and therefore must be in the FHA inspection checklist are:
After the FHA home inspection, the inspector records the findings on an FHA form. For instance, after evaluating a detached single-family home, the inspector records the report in a Uniform Residential Appraisal. If there are issues, the inspector lists them in the report. It would help if you had them repaired so the HUD could approve your loan.
As for FHA appraisals, the HUD-approved inspector will do what’s customary in this process. He will compare the property to a similar one that has recently been sold in the same area. However, the most important factors in the appraisal are the health and safety of the occupants. The property will be valued less if it poses risks to the well-being of the residents.
At every FHA inspection and appraisal, numerous photo evidence and detailed notes about the property must be submitted to the loan originator. The traditional way of providing all the evidence with pen and paper and recording an additional camera takes a lot of effort and time. Especially the preparation of reports takes a long time and is laborious.
So why not switch to a digital solution? With Lumiform, a mobile app for inspections, you can take unlimited photos of the property, capture detailed notes, and create comprehensive reports in real-time - all on your smartphone or tablet, without leaving the property.
The benefits of using an app for your FHA inspections at a glance: