The borrower is responsible for paying for the FHA appraisal. Home inspections can help buyers make informed decisions about the property, assist in price negotiations, and identify potential issues or repairs beyond what is covered by the FHA's minimum property standards.įHA Appraisal Frequently Asked Questions How long is an FHA appraisal good for?Īn FHA appraisal is valid for 180 days (approximately six months) from the effective date of the appraisal report. ![]() Home inspections are also highly recommended to give buyers a more comprehensive evaluation of the property's overall condition. However, sometimes FHA appraisers include orders for inspections in their appraisal reports if they would like further inspection of a particular aspect of the property. While FHA loans do require an appraisal to assess the property's condition and value, they do not have a mandatory requirement for a separate home inspection. ![]() Keep in close contact with your agent and lender for an accurate update. It's important to note that the timeline can be affected by factors such as the property's location, property type (e.g., single-family home versus multi-unit property), and any potential issues or complications that may arise during the appraisal process.
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