Recent changes have been made in the process of obtaining an FHA loan. An FHA appraisal is no longer needed, but the Appraiser must be a certified FHA Appraiser.
Most people have heard "horror" stories about getting an FHA loan or have had bad experiences themselves. The changes that have been made make it much easier for the subject property to be eligible for FHA lending. Most items that need to be repaired can be listed as general wear and tear or cosmetic by the appraiser.
One new FHA change that may take place soon is the elimination of down payment assistance programs. Be sure to contact us about the currently available options.
