An FHA home inspection checklist enables a home inspector to conduct a thorough home inspection to ensure it qualifies for an FHA loan.
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An FHA (Federal Housing Administration) loan is a mortgage that is designed for low- to moderate-income homebuyers and people with lower credit scores than a conventional mortgage. It typically requires a lower down payment than a conventional loan and is insured by the Federal Housing Administration.
Since the mortgage will be insured by the Federal Housing Administration, homes must undergo a more in-depth inspection than others before they can be approved for an FHA loan. An FHA inspection covers all aspects of the structure, from the foundation to the electrical system, to evaluate the true market value of the home and ensure it meets FHA standards.
Home buyers must pay for a professional inspector to conduct an FHA inspection on their home to verify that the home is worth at least as much as the selling price, which protects both the buyer and the lender.
An FHA home inspection checklist app streamlines FHA inspections by enabling inspectors to conduct surveys quickly and efficiently using their mobile device. They can attach photos and videos to the inspection to verify that the structure meets FHA standards and even send a report to the lender directly from on site, rather than going back to the office to transcribe the data into a computer. Using an inspection app, inspectors can also easily locate and keep track of the inspections to be done each day and plan the most efficient route by looking at a map right on their phone.