Jay Sondhi

FHA Appraisals Part IV: The Kitchen Inspection
June 25, 2012 · · 2 Comments

One of the most important pieces for listing agents and sellers to know about FHA appraisals is that the appraiser must make sure that the water, water heater, and gas are all in working order.   Bob walks us throug his typical FHA kitchen inspection here and shows us how its done.

http://youtu.be/a5keG17QKls

Jay Sondhi
Guarantee Mortgage
415.694.5512 direct
http://www.jaysondhi.com/

Jay Sondhi

FHA Appraisals Part III: Light & Heat Inspection
March 2, 2012 · · 1 Comment

FHA requires the appraiser to make an inspection of the lighting and heating systems of a property. This is important to note especially for REO properties that may be vacant at the time of listing. It is important for you to know that the water, electricity, and possibly gas must be turned on for the appraisal at the time of inspection.


Jay Sondhi
Guarantee Mortgage
415.694.5512 direct
http://www.jaysondhi.com/

Jay Sondhi

FHA Appraisals – Part II: The Bathroom Inspection
February 15, 2012 · · 7 Comments

I’m back with an other quick video from Bob Singer at Tracappraisals with regard to FHA appraisal inspection.  There is a common mis-conception about FHA loans.  Many folks out there, realtor and borrower alike are under the impression that the FHA will be sending an inspector out to the property to make sure that it will pass muster.  This is not true.  The appraiser will be conducting an inspection just like any other appraisal, but there are some extra pieces that they will consider.  Take a look at this video with Bob Singer as he inspects the bathroom.

Jay Sondhi
Guarantee Mortgage
415.694.5512 direct
http://www.jaysondhi.com/

Jay Sondhi

FHA appraisals part 1 – Siding Inspection
October 13, 2011 · · 2 Comments

I am writing this post to help you understand what the FHA does and does not require in regard to the condition of a property being purchased using an FHA loan.  The guidelines have changed in this area as the FHA has loosened up on its property requirements.  While these guidelines dictate what the Federal Housing Authority will accept to insure a loan, lenders will generally have “overlays” above and beyond these requirements so it is best to check in with a qualified FHA mortgage specialist with questions about a specific property.

There is a common mis-conception that an inspection by a government inspector is required to close an FHA loan.  This is not the case.  To close an FHA  loan, the appraiser must be FHA certified, and the appraiser must make a some extra warranties on their report.  We spent some time with Bob Singer with TracAppraisals here in San Francisco to show us what he looks for when completing an appraisal for an FHA loan.

Here, Bob Singer from TRACAppraisals.com explains the FHA visual appraisal inspection of siding in the first of this series.

Jay Sondhi
Guarantee Mortgage
http://www.jaysondhi.com/