FHA Loans

In our office in North Al. we are seeing about 3 out of 5 real estate sales being financed FHA. This by itself is not a problem but it means making your sellers aware that there is an extra inspection of their property to insure FHA compliance. There must be at least 18" of crawl space, no chipping or peeling paint, no cracked glass and all windows and doors in operable condition. No open flame heating as the primary heating source is allowed and there must be a heating system in operable condition. While this is usually not a problem, it is a good idea to make your seller aware of these requirements.