asbestos exterior and FHA

[lord1234]

Is this enough to get an FHA appraisal denied? I have asbestos exterior on a property I am interested in, but I need to get a mortgage via FHA.

 

[timd354]

Is this enough to get an FHA appraisal denied? I have asbestos exterior on a property I am interested in, but I need to get a mortgage via FHA.

If the asbestos exterior is in good condition (Not cracked, flaking, etc.), then it is acceptable for a FHA guaranteed mortgage loan.

 

[Walter Kirk]

If the asbestos shingles (I'm assuming that they are shingles) are in good condition there should be no problem. The only time asbestos is a problem is when it gets into the air. asbestos pipe insulation and boiler cement are the problems.

 

[The Warrior Monk]

I know nothing about FHA guidelines...are properties in which the asbestos is professionally encapsulated acceptable for funding?

 

[Ted Martin]

Have you tested the siding to confirm it contains Asbestos?

If it's in good repair FHA is OK with it.