Updated over 6 years ago on . Most recent reply
Inspections on an FHA-financed 4-plex
Just entered contract on a 4-plex that will be owner-occupied and FHA-financed. We want to close the loan as quickly as possible, and get everything done as efficiently and quickly as we can. I *think* our next step will be inspections.
My understanding is that FHA doesn't require inspections, just that it pass their appraisal. My thinking is that we should have an inspector familiar with FHA standards go through it, so we can address any issues with the Seller and get them fixed before the appraisal. Am I thinking this through correctly?
Also, please remind me if I can ask for recommendations on here for local professionals, like an inspector. I have it in my head that I shouldn't, and I don't want to violate any rules. Along the same lines, can I share the names and reviews of the professionals I used in this deal on here, maybe on the local forum board?
Any other suggestions to help me help my lender to close this thing fast?
Thank you, and thank goodness for BP! What a huge blessing!