What happens on an FHA appraisal?

Answer Any buyer applying for an Federal Housing Administration loan to purchase a property is required to get an FHA-approved property appraisal. The appraisal is designed to protect the bank from approv... Read More »

Top Q&A For: What happens on an FHA appraisal

What happens in a home appraisal?

The Uniform Standards of Professional Appraisal Practice and the Appraisal Foundation define an appraisal as the process of creating an opinion of value for a property. Usually, an appraiser comes ... Read More »

What is the Difference Between an FHA Appraisal & a Commercial Appraisal?

The Federal Housing Administration requires an appraisal on a property before it will insure the property for the loan value. An FHA appraiser evaluates the market value of the property and conside... Read More »

How to Get a Home Appraisal Versus a Tax Appraisal?

Every property has a tax appraised value. The city or county sets this value and uses that number to determine how much the property taxes for that house will be. The city appraiser doesn't go in t... Read More »

What is a home appraisal?

In a home appraisal, a licensed professional assesses the house and assigns it a market value. Lenders have homes appraised prior to making a mortgage loan to make sure there is sufficient equity.S... Read More »