fha, va, and usda property...

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The heating, electrical, plumbing, structural, and mechanical systems should be safe, sanitary, and operable. ELECTRICAL – Knob and tube electrical in the attic or basement generally requires an electrical certification. Kitchens and bathrooms must have 3-prong grounded outlets. Pull chains are acceptable in closets and basements. 30 amp service requires upgrading to 100 amp. 60 amp service is acceptable if adequate for home and a satisfactory electrical inspection is provided. PLUMBING – a careful inspection of the kitchen and bathroom fixtures, water heater, faucets, drains, and waste lines must be made. Deteriorated asbestos conditions requires removal by qualified expert. The appearance of water damage, deterioration, or low water pressure will generally require a plumbing certification, and/or repairs. HEATING – Furnaces must be adequate for healthful and comfortable living conditions. Older furnaces (i.e 25-yrs old) will generally require a heating certification. Octopus style furnaces are acceptable if it adequately services the home.. Wall mounted spaced heaters must be properly mounted and adequately heat the room, and requires a AGA label or UL approved. Free standing space heaters are not acceptable as the primary source of heat. Oil fired units are generally acceptable for main floor and basement use. Permanently secured baseboard units are acceptable if adequate and properly installed and insulated. ROOF – Roofs should be water-tight, in good repair, and have an economic life of at least 5-years. Deteriorated or worn shingles generally will require a roofing certification. Rolled roofs are generally acceptable if existing and accompanied by a roofing certification. Flat roofs always require an inspection. SIDING – Rolled and asbestos siding are generally accepted if in good standing. Damaged and/or deteriorating siding will need to be replaced or repaired with similar type products. FOUNDATIONS – Earth-to-wood contact on a home or garage is unacceptable; a 6” clearance MUST exist. Foundations must be water-tight and structurally sound. Concrete pier foundations are generally acceptable. Foundations may be completely covered with siding as long as it is not wood. WELL/SEPTIC – Requires local health municipality approval. Well and septic reports are required to include feasibility statement. Shared wells require a shared well agreement and be on subject property. Wells located within the walls of the foundation are unacceptable. Cesspools are unacceptable septic systems. NOTE – each living unit shall contain a continuing supply of safe and palatable water, sanitary facilities, and a safe method of sewage disposal. Whenever feasible, connections shall be made to public sewer, water, or a community system. Well must be a minimum of 50-feet from septic tank and 100-ft from drain field. GUTTERS/DOWNSPOUTS – Where overhang is less than 12-feet, gutters and downspouts are required. Deteriorated or damaged gutters or downspouts must be replaced. CRAWLSPACE – Crawlspaces must have 18” clearance, no debris, appear dry, and have a passable service door. SMOKE DETERCOTRS (in each room) & CO2 DETERCTORS (on each flood) – Both are required. Appraiser to confirm. DRIVEWAY/PRIVATE ROADS – Gravel is permitted. Private roads or shared roads require a recorded agreement. PAINT – Peeling paint inside or outside requires scraping and painting. If property was constructed prior to 1978, surface must be scraped and wire brushed, washed and painted w/ two coats.. Appraiser to confirm and re-inspect. Problems & $olution$ MLO# 115349 Mortgage Industry Updates & Solutions for Real Estate Agents and Home Buyers FHA, VA, and USDA Property Guidelines/Requirements For more tips & advice, go to www.TheDanKellerGroup.com Dan Keller, Mortgage Advisor/Branch Manager (425) 350-7136

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Page 1: FHA, VA, and USDA Property Guidelines/Requirements24667m33to3p2vtjf9vhv0ep.wpengine.netdna-cdn.com/wp-content/... · 30 amp service requires ... shingles generally will require a

The heating, electrical, plumbing, structural, and mechanical systems should be safe, sanitary, and operable. ELECTRICAL – Knob and tube electrical in the attic or basement generally requires an electrical certification. Kitchens and bathrooms must have 3-prong grounded outlets. Pull chains are acceptable in closets and basements. 30 amp service requires upgrading to 100 amp. 60 amp service is acceptable if adequate for home and a satisfactory electrical inspection is provided. PLUMBING – a careful inspection of the kitchen and bathroom fixtures, water heater, faucets, drains, and waste lines must be made. Deteriorated asbestos conditions requires removal by qualified expert. The appearance of water damage, deterioration, or low water pressure will generally require a plumbing certification, and/or repairs. HEATING – Furnaces must be adequate for healthful and comfortable living conditions. Older furnaces (i.e 25-yrs old) will generally require a heating certification. Octopus style furnaces are acceptable if it adequately services the home.. Wall mounted spaced heaters must be properly mounted and adequately heat the room, and requires a AGA label or UL approved. Free standing space heaters are not acceptable as the primary source of heat. Oil fired units are generally acceptable for main floor and basement use. Permanently secured baseboard units are acceptable if adequate and properly installed and insulated. ROOF – Roofs should be water-tight, in good repair, and have an economic life of at least 5-years. Deteriorated or worn shingles generally will require a roofing certification. Rolled roofs are generally acceptable if existing and accompanied by a roofing certification. Flat roofs always require an inspection. SIDING – Rolled and asbestos siding are generally accepted if in good standing. Damaged and/or deteriorating siding will need to be replaced or repaired with similar type products. FOUNDATIONS – Earth-to-wood contact on a home or garage is unacceptable; a 6” clearance MUST exist. Foundations must be water-tight and structurally sound. Concrete pier foundations are generally acceptable. Foundations may be completely covered with siding as long as it is not wood. WELL/SEPTIC – Requires local health municipality approval. Well and septic reports are required to include feasibility statement. Shared wells require a shared well agreement and be on subject property. Wells located within the walls of the foundation are unacceptable. Cesspools are unacceptable septic systems. NOTE – each living unit shall contain a continuing supply of safe and palatable water, sanitary facilities, and a safe method of sewage disposal. Whenever feasible, connections shall be made to public sewer, water, or a community system. Well must be a minimum of 50-feet from septic tank and 100-ft from drain field. GUTTERS/DOWNSPOUTS – Where overhang is less than 12-feet, gutters and downspouts are required. Deteriorated or damaged gutters or downspouts must be replaced. CRAWLSPACE – Crawlspaces must have 18” clearance, no debris, appear dry, and have a passable service door. SMOKE DETERCOTRS (in each room) & CO2 DETERCTORS (on each flood) – Both are required. Appraiser to confirm. DRIVEWAY/PRIVATE ROADS – Gravel is permitted. Private roads or shared roads require a recorded agreement. PAINT – Peeling paint inside or outside requires scraping and painting. If property was constructed prior to 1978, surface must be scraped and wire brushed, washed and painted w/ two coats.. Appraiser to confirm and re-inspect.

Problems & $olution$

MLO#115349

MortgageIndustryUpdates&SolutionsforRealEstateAgentsandHomeBuyers

FHA, VA, and USDA Property Guidelines/Requirements

Formoretips&advice,gotowww.TheDanKellerGroup.com Dan Keller, Mortgage Advisor/Branch Manager (425) 350-7136