Tag Archive : fha appraisal

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HUD Home – What does "IE" mean for a FHA 203(b) Loan? –

       FHA Loans

HUD homes are those being sold by HUD. If such homes are indicated as “IE” this means that the FHA loan on it (203b) can be insured by HUD with Escrow Repairs. So “IE” means “Insured With Escrow Repairs”. Only repairs below a total of $5,000 can qualify for this type of FHA financing and meet minimum property standards required…… Read More »

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How Does FHA Look at Garage Conversions & Other Unpermitted Additions?

       FHA Loans / FHA, VA & Conventional Related

How Does FHA Look at Garage Conversions & Other Unpermitted Additions? If a home has something about it that is different to it’s original structure, you may have a problem getting an FHA loan on it. What’s an FHA Underwriter going to do? Typically the Underwriter is going to (i) Ask for confirmation from the Appraiser that the work was…… Read More »