You can use a conventional loan to buy a vacation home or an investment property, as well as a primary residence. » MORE: What are FHA home and appraisal requirements? Find out. As far as mortgage.
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While FHA used to reject the site, current guidelines allow for the seller to repair the problems and, if completed, the loan can move forward. References (4) fha handbook: fha appraisal.
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You must have a licensed inspector administer the inspection in order to meet the FHA home inspection requirements. The Reason for the Inspection. Not every loan program requires an inspection, even though they are always highly recommended. Why does the FHA require one before the loan can be processed then?
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