People always want to know if a house will go FHA or VA. If the buyer is getting a VA loan, they comment on the VA inspection. So let’s set a few things straight. There is no FHA or VA inspection so to speak. There is simply a home inspection and an appraisal.
While the buyer pays for the appraisal, the appraiser is hired by the bank to verify that the collateral (the house) is adequate for the amount of money that they are loaning the buyer.
If the loan is a FHA or VA loan, then the appraiser is required to verify that the house is safe, sound and secure; meaning that the exterior doors are solid core, the hot water tank is up 18” in the garage, no peeling paint and no broken windows or exposed wires., etc.
I would not expect the appraiser to climb on the…
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