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House Repairs

by Xavier
(Sacramento, CA USA)

Hi, I'm purchasing a home through an FHA loan offer. The home is to be sold "as is" as long as it meets FHA guidelines and appraisal.

Does this mean the seller will make some repairs?


Hello Xavier,

Thank you for stopping by my website and asking a question. I love to meet new people and share with them knowledge they need to make informed decisions when buying a home.

Thinking about the question you are asking, if the house passes FHA appraisal/inspection then you will not have to worry about repairs. It sounds like you may be buying a foreclosure home. If that is the case, you would be hard pressed to get the seller to do repairs anyway, especially if it is a bank that owns it.

You may want to visit my page on Best FHA Home Loans for lot's of details on this loan product. Personally I feel this is the best way to go for the first time home buyer.

The FHA inspection means the house is mechanically sound and there are no real safety hazards. While the inspector does this, they look for property value as well. So they will help you know the market value of the home and if it is worth the asking price or what you may be offering.

The FHA Appraisal in not the same as a Home Inspection. Sometimes people get this confused.

There is a very large difference between the two. Allow me to briefly explain it, feel free to check out the links I'm providing for more details.

FHA Appraisal

Here is a list of some of the things the appraiser will look at:

  • seller concessions and financing data
  • appliances that come with the house
  • condition of the roof
  • condition of basement or crawl space
  • electrical boxes and wiring
  • wood stove, solar heat, or furnace
  • sewer systems, wells, and water quality

That is just the short list. There is much more involved. I had another person with a similar situation. Take a look at this answer I left for them about FHA financing.

Now the home inspection process is something I strongly recommend. This is normally ordered by you the buyer and cost around $300-$400.

The inspector is working for you and really goes into all the various mechanical systems and structure of the home. He climbs into the attic, gets on the roof and whatever else is needed to give you a detailed report on the condition of the home.

To find one, just Google "home inspector" along with your city and state and a list of them should show up for you.

I hope this helps. Please feel fee to share this website with other people you know that benefit from it.


Jeff Ragan

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Buying a 3rd Home With FHA Home Loan

by Kathleen
(Los Banos, CA USA)

We have 2 homes one we owe a mortgage the other we own. We live in the state of California and we are thinking of buying a 3rd home for us to live in. If we do so how much money would we have to put down on it. Could we get an FHA loan with little money down?


Hello Kathleen;

Thank you so much for stopping by this website and asking a question. I hope you find this resource helpful.

When it comes to the FHA home loan, this does have some limitations. Although you can have two homes with an FHA loan, the first one has to have at least a 25% equity position and you must become "owner occupant" of the new home to be purchased using FHA.

So, since I do not know what type of mortgage you have on the home you referred to, this leaves me with one thought.

If it is a conventional loan, then my thinking is yes you can buy another home using the FHA home loan if you plan to make the new home your primary residence. FHA does not care how many homes you have with mortgages as long as you have the income to service the debt.

My guess is that you do. So the real test for you is that fact of "primary residence". Do you plan to make this new purchase the home where you will live the majority of the time?

Actually HUD's OWNER/OCCUPANCY requirement states that the Purchaser of a Home who's using FHA-Insured Financing must intend to occupy the dwelling, use it as his/her primary residence for at least one year. The FHA Borrower is required to sign an "Occupancy Statement" at closing. Breaching the "Ocupancy Statement" could be considered a criminal offense.

Hopefully you find this information helpful. If you do, please pay it forward and "like" us at Facebook and Tweet about us so we can help others get answers to their questions also.

Kind Regards,

Jeffrey Ragan

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