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.
Your lender is correct about âadd-onsâ for conventional loans for PMI rates among other things. But your friend is correct if the FHA program is used. In fact, FHA can be used for up to a 4 unit dwelling if the property will be used as a primary residence. 3 months reserves for payments/taxes/insurance/MIP, though. And the property should cash flow on its own. Those are the 2 main differences.