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.
FHA appraisals focus on safety and security in addition to value. In almost all cases in which a mortgage loan is used to purchase a home, the lender will require an appraisal. Appraisals are the main tool used by mortgage lenders to tell them a property's value. Additionally, mortgage lenders will usually only loan up to the value opinion given on a home appraisal. Home appraisals themselves come in different varieties, though, including conventional mortgage loan appraisals and Federal Housing Administration (FHA)-specific versions.