25 Inspiring Exterior House Paint Color Ideas: Peeling Exterior Paint Fha

Thursday, 9 April 2020

Peeling Exterior Paint Fha

We frequently get fha appraisal questions in our comments sections. Why is peeling paint an issue for the fha appraisal.

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Appraisal requirements for peeling paint.

Peeling exterior paint fha. Are you planning on selling or buying a home built before 1978. Exterior of subject and shed has peeling chipping paint and the home was built prior to 1978 so ive made it subject to the correction of the peeling paint however its winter so its snowy icy and very cold and both the realtor on site and the mortgage company rep have asked if there is anything i can do on my end to put this off till the. Why is peeling paint a problem for the fha appraisal.

Isnt this just a cosmetic issue. Since my clients are using fha financing we had this same discussion. A reader asks if the buyer of a home built before 1978 is using an fha mortgage to purchase can i assume the appraisal is required to include a note if any chipping or peeling paint was observed both inside and outside of the home.

Heres one of the latest. If the home youre buying is listed by a reputable real estate agent they should have warned the seller about the peeling paint issue in case a. The only thing im concerned about is the peeling paint outside and that some of the outlets arent grounded.

If the improvements were built before 1978 the appraiser must report the condition. Is there any written verbiage that states what the appraisal shall include as required by. When we returned for the.

Peeling paint electrical outlets. Either way the peeling paint will have to be taken care of. The subject to condition listed the the areas with sample photos of each.

I recently did an inspection for an appraisal on an fha refinance loan. Teresa i just showed a home yesterday 1955 with peeling paint on the exterior. Thats a very common question in some housing markets those buying homes with fha mortgages should know why this can be an issue that requires correction as a condition of fha home loan approval.

Im trying to purchase a home and i have an fha loan. If so you need to be aware of the possibility of lead based paint. This is not an issue with conventional loans.

Since lead poisoning is a serious health concern checking for the possibility of peeling or chipping paint is a must for any appraiser completing an appraisal for fha va or usda financing. I seem to be getting into a game of cat and mouse with a seller. The subject is a pre 1978 3 family property that had numerous areas on the interior and exterior with chippingpeeling paint.

An fha requirement would be to have some sort of weather proof finish on exterior exposed wood. One of the biggest problems i see on older homes and one which this home had is peeling and chipping paint. It was an older home that had been undergoing some updates and renovations.

Fha loan reader questions. An fha appraisal tip from sunbelt appraisals the leader in quick and accurate fha appraisals. Fha isnt as strict as they used to be but there are still certain things the appraiser will call.

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