Buying A House Fha -

FHA appraisals are stricter than standard ones because the government wants to ensure the property is a safe investment.

: Every FHA contract includes an amendatory clause , allowing you to back out and keep your earnest money if the home appraises for less than the purchase price. The FHA "Safe, Secure, and Sound" Standard

: Appraisers look for structural integrity , missing roof shingles, and peeling lead-based paint.

: FHA guidelines often allow for a higher debt-to-income (DTI) ratio than conventional products.

: All systems—heating, cooling, and plumbing— must be functional and turned on during the appraisal.

: Connect with an FHA-approved lender to understand exactly how much you can afford.