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FHA Final Inspection For New Construction

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ilynb

Freshman Member
Joined
Jan 13, 2012
Professional Status
Certified Residential Appraiser
State
Massachusetts
do utilities have to be on and working for the subject to meet FHA MPR?
 

Restrain

Elite Member
Joined
Jan 22, 2002
Professional Status
Certified General Appraiser
State
Florida
Utilities on and mechanical functioning (and that includes the HWH)
 
D

Deleted member 134708

Guest
No.

New construction can't meet MPR. It's not possible. It can meet MPS though. And utilities need be on to meet MPS.
 

RSW

Elite Member
Joined
Feb 18, 2002
Professional Status
Certified Residential Appraiser
State
Tennessee
do utilities have to be on and working for the subject to meet FHA MPR?

Was the original appraisal a proposed construction or was the subject property 90% or more complete when the appraisal was done. If it was a proposed construction, then the appraiser does not do the final. It is 90% or more complete, then the appraiser can do the final.
 

TJSum

Elite Member
Joined
Nov 12, 2007
Professional Status
Certified Residential Appraiser
State
Maryland
Was the original appraisal a proposed construction or was the subject property 90% or more complete when the appraisal was done. If it was a proposed construction, then the appraiser does not do the final. It is 90% or more complete, then the appraiser can do the final.
RSW where is this found in the 4001 current handbook? Not questioning you, but just wish to confirm as I am currently doing a new construction property that is 95% complete and wish to confirm who does the final, I want to make sure I can do the final if asked by the lender.
 
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