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how long is an fha appraisal good for

when should you refi Your Mortgage Refinancing Checklist: Ready to Refi. – With some mortgage experts projecting rates to remain near historically low numbers, it’s no surprise that refinancing continues to be a popular home loan option.Before you start comparing lenders, however, it’s important to take a 360-degree view of your options.

HUD 4000.1 On Appraisal Expiration Dates – FHA News and Views – HUD 4000.1 On Appraisal Expiration Dates. Ever since the FHA and HUD published the new fha single-family mortgage loan rule book, HUD 4000.1, we’ve been examining important sections of the rules to see what current FHA mortgage loan policy is; FHA and HUD announced there would be no comparison document outlining the myriad of changes from the old guidelines to new and that it was the reader’s responsibility to learn what current policy might be for any given fha loan topic.

In this lesson, we cover everything a homebuyer needs to know about the VA appraisal, including the process, property requirements, pitfalls, termite inspections, water quality checks, appraisal fees, challenging a low appraisal and the differences between the VA appraisal and a home inspection.

Buying a short-sale house: A guide to steps in the process – If an appraisal of the home closely matches. rats in the basement or a collapsed roof. As long as you fully understand how foreclosures and short sales work, nothing should stop you from getting a.

fha mortgage rates 2016 October 2016 Mortgage Rates – Mortgage News Daily – A history of mortgage rates with charts for multiple time frames.. average mortgage rates: October 2016. this brought rates to new multi-month lows. Mortgage. MND NewsWire.

A conventional Appraisal is only good for 120 days, FHA & VA appraisals are good for six months. However, lenders usually require the comps to be within a specific time frame that can vary depending on the property location.

FHA appraisal tips (by a Sacramento appraiser)HUD 4000.1 On Appraisal Expiration Dates – FHA News and Views – HUD 4000.1 On Appraisal Expiration Dates. Ever since the FHA and HUD published the new FHA single-family mortgage loan rule book, HUD 4000.1, we’ve been examining important sections of the rules to see what current FHA mortgage loan policy is; FHA and HUD announced there would be no comparison document outlining the myriad of changes from the old guidelines to new and that it was the reader’s responsibility to learn what current policy might be for any given FHA loan topic.

As a long time realtor I see many FHA appraisals come in low. Then when sale does not complete due to the low appraisal the seller accepts a conventional loan offer and property appraised for sellingprice or higher.

FHA rules anticipate such situations–an appraisal may be extended for thirty days to allow the loan to close, "If a sales contract is signed or the borrower is approved for a loan prior to the appraisal expiration date" according to the FHA official site.

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