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Will mold pass FHA inspection?

Around the coast several properties are prone to getting mold, in the bathrooms under the mirrors especially. by preshyolivia4638392 from Carpinteria, California. Feb 4th 2015 Reply


Larry Gray (lgray_312_247)
#592 ranked lender in California - 1,139 contributions

Generally, if your lender is providing an FHA loan for an "as is" property it will depend on what an appraiser finds that is obvious. Most appraisers are not licensed home inspectors nor do they act as inspectors but they will look for the obvious and take pictures. If it some cleaning with anti mold solution and then some painting afterwardsmakes all look good, I could imagine that part of the house looking fine and not becoming in issue for repair before the loan will get a "clear to close" for final loan docs.

Feb 4th 2015
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Timothy Howard (timehoward)
#70 ranked lender in Utah - 154 contributions

Get a home inspection done first to see how much or extensive the mold could be. some home inspectors have units that can see thru the wall and see moisture.It would be worth the cost now instead of ignoring it and maybe have a problem that may cost you into the thousands.

Feb 4th 2015
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Michelle Curtis Loan Originator NMLS 401173 (EmbassyFundingLLC)
#77 ranked lender in Florida - 2,240 contributions

unless it is very evident when the appraiser goes out it is most likely not going to be an issue, but make sure you have a licensed home inspector do a thorough inspection so you know the extent for sure.

Feb 4th 2015
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Jericho Cherry (Jerichocherry)
#56 ranked lender in Virginia - 1,107 contributions

It depends on whether not the appraisal address it as a issue.

Feb 4th 2015
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William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,726 contributions

Any visible mold will be an issue for all conforming loan products, not just FHA.. anything that has to do with the safety and health of the inhabitants, the appraiser is going to require the deficiency be corrected... 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

Feb 5th 2015
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