For a Federal Housing Administration (FHA) loan to be approved, the home must pass an FHA inspection and appraisal. That means it must be worth the purchase price and have such basics as ...

Does the FHA require two appraisals? There is a common misconception that FHA loans require two appraisals. Only one — which the lender orders — is required. Because the appraisal includes an ...

While an FHA appraisal contains elements of a home inspection, it’s not as comprehensive as a home inspection by a licensed home inspector. Also, an appraisal is required for an FHA loan ...