What Are FHA Minimum Property Requirements?

Homes that are the subject of a FHA mortgage application must meet minimum property requirements as determined by the Department of Housing and Urban Development (“HUD”: the agency which oversees the FHA mortgage insurance program). 

I am often asked if specific repairs will be required by the lender when a FHA loan is in play. The guidelines are actually easily accessible, so I thought I would post them here. 

If you are a realtor, I would encourage you to read chapter 3 of HUD handbook 4150.2. This section covers the Valuation Analysis for Single Family One- to Four- Unit Dwellings (4150.2).

You should also familiarize yourself with chapter 2 of HUD handbook 4905.1. This section covers the Requirements for Existing Housing One to Four Family Units (4905.1).

Since underwriters don’t make visible inspections of homes, they rely on the appraiser to inspect the home and highlight any “lender required repairs”.