Robert R. Rowley PS

Attorney at Law


FHA-Backed Loans Face Tough Home Inspections – WSJ.com

FHA-Backed Loans Face Tough Home Inspections – WSJ.com

First-time home buyers looking to get a loan backed by the Federal Housing Administration may want to rethink that fixer upper.  Homes purchased with a typical FHA-backed loan—known as a 203(b) loan—require an appraisal and inspection from an FHA-certified appraiser. But unlike other home purchases, any needed repairs aren’t negotiable and the sale can’t proceed until they are made.

FHA-Backed Loans Face Tough Home Inspections – WSJ.com.