Square One Inspection Service conducts HUD-92051 Compliance Inspections in the Greater Tampa Bay area of Florida.
Joseph Burkeson is an approved HUD/FHA Compliance Fee Inspector #N854.
Frequently Asked Questions:
FHA stands for Federal Housing Administration. The FHA is a federal organization that provides insurance on mortgage loans from lenders that the FHA approves. The FHA can do home inspections, which are not required but are recommended for home buyers.
The purpose of an FHA home inspection is to help buyers find out if a house is in good condition before they purchase it. To get FHA insurance on a mortgage, an appraisal is required, but not an inspection. Inspections, however, are a good way for buyers to ensure that there are no hidden problems with a house.
The FHA was created in 1934 to provide insurance on mortgage loans. The FHA started conducting inspections as a way of protecting buyers.
According to the U.S. Department of Housing and Urban Development, the purpose of the FHA is to protect lenders from people who default on their mortgages. Its insurance helps make lenders more willing to give home loans, and its inspections help buyers be more willing to take out loans on homes. The result is a more active housing market and lower rates of homelessness in the United States.
FHA inspections take into account many qualities of a building. According to the FHA property standards listed on the FHA website, some things inspectors look at include building materials, the intended use of the building, the design of the building, the design of the building site and the construction of the building.
The FHA used to regulate its inspection fees, but it now leaves fee negotiation up to the inspector, lender and buyer.
Call 813-864-7697 Today to Schedule Your Inspection
Call Toll Free 1-866-499-1451