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  • Fha Inspection Check List. Fannie Mae Form 2000: 1-4 Family Properties

Get Fha Inspection Check List. Fannie Mae Form 2000: 1-4 Family Properties

FHA INSPECTION CHECK LIST (Prepared for use with FHA/HUD Handbook 4150.2 ) Cliff Odom, RAA Birmingham, AL VC-1 Location Hazards And Nuisances Inspection Check List Yes No a. Subsidence/Sink holes.

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How to fill out the FHA INSPECTION CHECK LIST. Fannie Mae Form 2000: 1-4 Family Properties online

The FHA Inspection Check List, Fannie Mae Form 2000, is essential for evaluating the condition of 1-4 family properties. This guide provides step-by-step instructions for effectively completing the form online, ensuring a thorough inspection process.

Follow the steps to successfully complete the FHA Inspection Check List.

  1. Access the FHA Inspection Check List by selecting the 'Get Form' button, and open the form in your preferred digital editor.
  2. Begin filling out the form by reviewing Section VC-1 Location Hazards And Nuisances. For each item listed, indicate 'Yes' or 'No' based on your inspection results.
  3. Move to VC-2 Soil Contamination and document any observable evidence on-site. Again, answer 'Yes' or 'No' accordingly.
  4. Proceed to VC-3 Grading and Drainage. Ensure to note any grading issues affecting drainage from the structure.
  5. In VC-4 Well, Individual Water Supply and Septic, assess the connection to public water and sewer systems. Mark appropriately.
  6. Continue with VC-5 Wood Destroying Insects, inspecting for evidence of termite infestation and marking your findings.
  7. In VC-6 Private Road Access and Maintenance, confirm accessibility and document any damages or issues observed.
  8. Examine structural conditions in VC-7. Inspect for significant cracks, visible holes, and any water damage.
  9. In VC-8 Foundation, check for adequate access and structural integrity of the foundation and basement.
  10. Review VC-9 Roofing for coverage and life expectancy of the roof, marking any deterioration or repair needs.
  11. Check all mechanical systems in VC-10 to ensure proper function. This includes appliances, plumbing, and electrical systems.
  12. Document any health and safety deficiencies found in VC-11, clearly noting issues as they arise.
  13. If applicable, check for lead-based paint hazards in VC-12, especially in properties built prior to 1978.
  14. Complete VC-13 specific to Condominiums and Planned Unit Developments, documenting any necessary approvals.
  15. Upon completing the inspection checklist, review all entries for accuracy. Save changes, download, print, or share the completed form as needed.

Start filling out your FHA Inspection Check List online today to ensure compliance and thorough evaluation.

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Structure: The overall structure of the property must be in good enough condition to keep its occupants safe. This means severe structural damage, leakage, dampness, decay or termite damage can cause the property to fail inspection. In such a case, repairs must be made in order for the FHA loan to move forward.

So, does a home inspection or appraisal come first? Typically, even though a home inspection isn't always required, it's a good idea to have the inspection done before your appraisal. ... Having the inspection done first can save you money on an appraisal, which can get pricey.

When reviewing the appraisal report, make sure to closely examine whether the adjustments are properly supported and reasonable. Typically, the higher the value of the adjustments, or the amount of adjustments made, the more likely the comparable sales might not be representative of the subject property.

What does the appraiser look for? An FHA appraiser will observe, analyze, and report on whether a property meets HUD's minimum property requirements and in the case of new construction, the property must also meet minimum property standards.

Here's the short answer: FHA appraisals typically remain valid for 120 days. But they can be extended in certain cases. If the initial home appraisal is updated, it could be valid for a total period of up to 240 days. Let's go to the official handbook and see what it says on this subject.

FHA Repairs That Must be Completed Prior to Closing Peeling paint in homes built before 1978, which might be a lead hazard. Unpainted downspouts and broken rain gutters. Rotting outbuildings in need of demolition. Exterior doors that don't properly open and close.

Does the FHA require two appraisals? There is a common misconception that FHA loans require two appraisals. Only one which the lender orders is required. Because the appraisal includes an inspection component, buyers are not required to do a separate inspection.

When reviewing the appraisal report, make sure to closely examine whether the adjustments are properly supported and reasonable. Typically, the higher the value of the adjustments, or the amount of adjustments made, the more likely the comparable sales might not be representative of the subject property.

A qualified appraiser creates a report based on a visual inspection, using recent sales of similar properties, current market trends, and aspects of the home (e.g., amenities, floor plan, square footage) to determine the property's appraisal value.

If the appraisal comes in low (meaning the house appraises for less than the purchase price), then the FHA probably won't approve the home for financing. Depending on the situation, the homeowner /seller might be willing to reduce the sale price to reflect the appraisal amount.

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Fill FHA INSPECTION CHECK LIST. Fannie Mae Form 2000: 1-4 Family Properties

These forms are provided for use in meeting our Selling and Servicing Guides requirements. Lenders must ensure the property to be purchased is eligible for the Single Family. Housing Guaranteed Loan Program (SFHGLP). This document provides guidance to Appraisers who are preparing residential appraisal reports. A full version of the Selling Guide is also available for viewing on the AllRegs Web site of.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232