Lee's Sandwiches, Asian Sandwich, BÃÂ¡nh mÃÂ¬, Sliced jambon, headcheese & pate on a baguette. Lee's Sandwiches, Asian Sandwich, BÃÂ¡nh mÃÂ¬, Sliced jambon, headcheese & pate on a baguette. Browse Recipes
Generally, an FHA appraisal CAN be used on a conventional loan but a conventional appraisal CANNOT be used on an FHA loan. An FHA appraisal can be used as long as it can be proven that it complies with HVCC. (Home Valuation Code of Conduct) Most appraisals now done by Appraisal Management Companies (AMCs) include this compliance certification.
2. Easier approval than conventional loans. It's generally easier to get approved for an FHA loan, as compared to a conventional mortgage. This is especially true in 2011. If you put down less than 20% on your loan, you'll be required to have private mortgage insurance or PMI. With a conventional mortgage, the insurance comes from a private company -- not from the federal government, as with FHA loans.