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Are there any specific property requirements for a conventional loan?

by jefferyhammond839 from Sacramento, California. Oct 7th 2015 Reply


Jesse Stroup (jessestroup)
#193 ranked lender in California - 591 contributions

For the most part all properties are sold as is; now once the appraiser goes out to the house, that can be a different story. What are some of the issues of the property/home?The underwriter goes off of the appraisal report and any comments that the appraiser makes about the property. I'm a lender here in the BayArea Walnut Creek. Call me at 510-704-3445 lets talk. Jesse Stroup California Mortgage Professional www.CaliforniaHomeLoanLender.comwww.JesseStroup.comNMLS# 6229

Oct 7th 2015
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William J Acres (William_Acres)
#2 ranked lender in Arizona - 7,917 contributions

Much more info is required to answer your question, but in general, Yes.. and the list is extensive.. With conventional financing, the appraiser will do an inspection and his job is to notate any property deficiencies that have to deal with safety or health concerns.. Broken windows, exposed wires, mold, etc.. Also, there's an extensive list about property attributes such as land/acreage size, buildings, square footage, building codes, additions.. I could go on and on.. If you want to be more specific as to why your inquiring, I can try to answer your question more directly. .. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347

Oct 7th 2015
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