Construction FHA loan Inspection Sales 
McKissock
MAY 6, 2022
New construction is treated a little differently by lenders, FHA, and the GSEs. When appraising new construction homes, you must take into consideration certain features and attributes that don’t necessarily apply to re-sales. Be careful as you choose comparable sales. Learn more.
HomeLight
OCTOBER 25, 2021
If you don’t remember the last time you had your fireplace inspected, it’s time to schedule one. A fireplace inspection can alert the homeowner to creosote buildup, as well as other dangers, such as a damaged fireplace or chimney. An inspection can ultimately prevent disaster. Fireplace inspections check these features.
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HomeLight
MARCH 6, 2023
Closing costs in California average about 1% of the home’s sale price , and there are other pre-paid costs to consider as well. Typically, the higher your credit score, the lower your interest rate will be, which saves you money over the life of the loan. “If
Realty Biz
JANUARY 4, 2024
Furthermore, they inspect the state of the property, which includes the caliber of construction materials and any required repairs or enhancements. Appraisers consider recent sales data of similar properties to determine a comparative market value. For example, the appraiser must look at health and safety with an FHA loan.
HomeLight
APRIL 14, 2023
If the total amount of your closing costs plus your down payment is financially overwhelming, sometimes lenders will allow you to add the closing costs into the total amount of your loan, thus reducing the amount of cash needed at closing. Buyers typically pay : 2%-4% of the home’s price (this may be less if it’s a cash sale).
HomeLight
AUGUST 20, 2021
You think your house sale is all wrapped up — but you’re not done yet. Typically within a week after you’ve had the house inspected, you’ll most likely have to endure a home appraisal , a professional assessment of your home’s value. FHA loans require a special appraisal. Poor quality construction.
Realty Biz
SEPTEMBER 23, 2023
How Buyer Agents Get Paid Buyer agents are typically compensated through a commission fee, a percentage of the property's final sale price. The agent also helps with the paperwork, including making offers, reviewing contracts, and coordinating inspections and appraisals.
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