Home Buying in 46902>Question Details

Thought-this…, Home Buyer in 46902

Why does FHA not want to help us purchase a home just because the well is (to close?) to the property line. This house was built only 27 years ago.

Asked by Thought-this-was-america, 46902 Fri Nov 4, 2011

FHA is blowing us off because of a house we want that was built on 27 years ago as a high efficiency model home has a well that is on the property and we are being told it is to close to the property line. So much for FHA caring about us Americans.

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I understand you frustrations. It is hard when you find the home you want then there are problems with financing. I advise using a realtor that is experienced with FHA financing. Also, your agent should be able to help you negotiate with the seller to relocate the well, hook onto public water or even order a new survey which might result in the extra footage you need. There are always options. Are there other financing options? Be open with your agent, share your frustrations and work together for a solution. Unfortunately FHA has strict guidelines; fortunately they are for our protection. Good luck.
0 votes Thank Flag Link Sat Nov 19, 2011
The age of the property in this matter is irrelevant. And it has nothing do to with caring or not caring about you wanting to purchase a home.

FHA, as well as all other lenders, have underwriting requirements. You'd be amazed as to how thick the volumes are as to the requirements to lend money to people to buy homes. (But that's another story).

FHA requirements on well water is as follows:

"A domestic well must be a minimum of 50 feet from a septic tank, 100 feet from the septic tank's drain field and a minimum of 10 feet from any property line."

Now the requirement that the well be a certain distance from a septic tank and a leach bed makes sense. As for the distance requirements from a property line, I don't know the rationale. But it's there. If the home you want to purchase does not meet this requirement, then there are two options: Get the seller to dig a new well that conforms to FHA requirements, or else find another house to buy.

Hope this helps.
Web Reference: http://Lew.BestChoice.net
0 votes Thank Flag Link Fri Nov 4, 2011
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