Think of Safety and Soundness as best describing the FHA Appraisal Requirements as listed below:
Safety - FHA underwriting guidelines require that lenders review the appraisal to see if the appraiser has made note of property conditions that will affect the health and safety of the occupants.
Soundness - FHA underwriting guidelines require that lenders review the appraisal to see if the appraiser has made note of property conditions that jeopardize the soundness and structural integrity of the home.
When an FHA appraisers do an appraisal they are making sure that their aren't any safety hazards and that home is structurally sound.
Linda Shank Broker Owner Linda Shank and Company is a 32 year real estate veteran in Phoenix's Southeast Valley. Contact her at www.ISellAZSunshine.com
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