Property Q&A in Northborough>Question Details

Kimberly Cas…, Home Buyer in Framingham, MA

I have been pre-approved for a FHA loan, and was curious how I go about finding out if particular homes for sale are FHA Approved. Any helpful hints?

Asked by Kimberly Castelli, Framingham, MA Wed Sep 16, 2009

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Hi Kimberly....

Homes for sale do not get a label of "FHA approved" . But you can educate yourself as to what an FHA Appraisor will look for and potentially require be fixed prior to issuing a loan by visiting

I just reviewed the list, and most are obvious--proper heating systems to maintain temp at no less than 50 degrees, etc., running water, minimum electrical wattage, no "pests", no chipping paint on houses built prior to 1978, etc. Items addressed, per the FHA, are those "things that may affect the safe, sound and sanitary habitation of the house".

While you should read over the whole list the following two are very important.......

1. Roof.............. The roof should have a remaining physical life of two years. If the roof has less than two years remaining life, the appraiser must call for re-roofing or repair.

FHA will accept a maximum of three layers of existing roofing. If more than two layers exist and repair is necessary, all of the old roofing must be removed as part of the re-roofing.

2. The property must appraise for the agreed to purchase price as the lender will only lend an amount based on either the appraised value or the purchase price--WHICHEVER IS LESS. In fact, ensure that your agent includes the proper FHA Amendatory Clause with your offer so that you are properly protected and in compliance with FHA guidelines.

Again, I highly recommend the following site....after you review it, feel free to call if you have any questions.

Hope this helped!!! Karen
1 vote Thank Flag Link Thu Sep 17, 2009
Judy's answer is great, but unfortunately her link doesn't go to the page it should or did... try these

You can also ask your lender for help finding info- they can sometimes provide a wealth of information! Plus remember it is in everyone's best interest to help you find the right house quickly- your agent, your lender, you- we all lose time and money if we show a buyer a whole bunch of houses that don't qualify for their type of loan.
Good Luck!
1 vote Thank Flag Link Thu Sep 17, 2009
Hi Kimberly,

The home you wrote about is on a dead end street in my home town of Northborough. I have enjoyed seeing the property be transformed into a home that is like new! Because of this recent renovation, this particular home will qualify for an FHA loan.

It can be confusing to pre-determine, however, just what homes will qualify for an FHA loan....mainly due to many strict guidelines that a bank appraiser must adhere to. You may have already visited the website If not, it's a good place to start. The guidelines are designed to protect the buyer from purchasing a potentially unsafe home.

If you are not already working with a Buyer Agent, I would highly recommend it. Please feel to conctact if you are in need of the same!!!

Good luck!

Judy Boyle
Weichert Realtors
Northborough, MA
0 votes Thank Flag Link Thu Sep 17, 2009
Hi Kimberly,

I would suggest getting a Realtor, an experienced buyers' agent, to assist you in the process of locating and purchasing a home and walking you through the process. Feel free to contact me if I can be of assistance.

Wayne Farina
Web Reference:
0 votes Thank Flag Link Wed Sep 16, 2009
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