Appraisals for a home determine the value for your loan but FHA appraisals review the condition and if it meets the guidelines for the approval of FHA insured loans.
Home buyers who qualify for an FHA loan must have the home inspected by an approved FHA inspector.
The inspector will inspect for overall condition and any visable damage and inform all parties of any required repairs.
A home built before 1978 must have no peeling or chipping paint. If it does then the home owner must repair and repaint the area to insure if lead based paint is present that it is safely covered. (Interior and exterior)
FHA appraisers will also check for any safety hazards such as lose railings.
FHA appraisers will also look for pest infestation and the plumbing must be in working order
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