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kodiak50
Dud?


Joined: 25 Mar 2008
Posts: 4

FHA Minimum Standards
PostPosted: Sat May 23, 2009 3:52 pm Reply with quoteBack to top

Does anyone know where to find property requirements for FHA loans -specifically minimum ceiling height? I just had a loan kicked out because the appraiser stated that the ceilings were too low to qualify for FHA, and the underwriter denied the loan, but cannot provide me with a written guideline to back that up. Just curious if this is just an easy way out for them to deny this loan.

Thanks.
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cooper
Dyn-o-mite!


Joined: 11 Mar 2007
Posts: 491
Location: River City

Re: FHA Minimum Standards
PostPosted: Sat May 23, 2009 4:09 pm Reply with quoteBack to top

google 4155. sit back, relax, search.

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peanutsdad
Dud?


Joined: 13 Nov 2008
Posts: 7

Re: FHA Minimum Standards
PostPosted: Sat May 23, 2009 9:12 pm Reply with quoteBack to top

FHA MRI Quick Referece guide- 1104.02- Unique Property Appraisals . " Appraisers are somtimes faced with unique properties: a log home, an extra small home, LOWER THAN NORMAL CEILING HEIGHTS,..."Eligibility of these properties depends on whether or not the property is structurally sound and- DRUM ROLL PLEASE-READILY MARKETABLE." And so on.. - the FINAL DETERMINATION TO ACCEPT OR REJECT THE PROPERTY IS MADE BY THE LENDING INSTITUTIONS UNDERWRITER."
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kodiak50
Dud?


Joined: 25 Mar 2008
Posts: 4

re:
PostPosted: Mon May 25, 2009 4:04 pm Reply with quoteBack to top

Thanks for the help.
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Robin
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Joined: 30 Aug 2007
Posts: 3416
Location: Loveland, OH

Re: FHA Minimum Standards
PostPosted: Thu May 28, 2009 7:00 pm Reply with quoteBack to top

Also take a look at your state's current building code.
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Re: FHA Minimum Standards
PostPosted: Thu Mar 04, 2010 6:08 am Reply with quoteBack to top

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