HUD Appraisals

[Tyler VanDerzee]

Hi all, I'm a new investor working on my first deal. I am going with USDA funding and I am at a point where they want to send the HUD appraiser out. Since I've already had the home inspection, I have a laundry list of needed improvements. With that said my question is:

What specifically does a HUD appraiser look for during the appraisal?

I don't want to go and fix everything on the list from the home inspection if I don't have to. But I also don't want to have the appraiser find something that needs to be fixed because the property is being sold "as-is" and the bank won't make any repairs. Let me know if it's easier to list the specific repairs that I have questions about and I will!

[Rob Moore]

I think what your lender means to say is that the appraiser has to be FHA certified. USDA appraisals from an appraisal standpoint are the same as FHA appraisals. The following should be a helpful link. If the house is in really bad condition I would suggest trying a different type of loan product. The USDA loan may not be a good fit.

http://www.fhahandbook.com/appraisal-guidelines.php