Transcription of OMB Approval No: 2502- Housing and Urban …
1 OMB Approval No: 2502- 0538 (exp. 04/30/2018) Department ofHousing and UrbanDevelopmentFederal Housing Administration (FHA)For Your Protection:Get a Home InspectionWhy a Buyer Needs a Home InspectionA h o me in s p e c t io n g i v e s th e b u ye r mo r e d e t a il e d i n f o r ma t io n a b o u t th e o ve ra l l c o n d i t io n o f th eh o me p ri o r to p u r c h a s e . In a h o me i n s p e c t io n , a q u a l i f ie d i n s p e c to r ta k e s a n i n -d e p th , u n b i a s e dl o o k a t yo u r p o te n t ia l n e w h o me to :E v a l u a te t h e p h ys i c a l c o n d it io n : s t ru c t u r e , c o n s t ru c t io n , a n d me c h a n ic a ls ys t e ms ; Id e n t i f y i te ms t h a t n e e d to b e r e p a i re d o r r e p la c e d ; a n dE s ti ma te th e re ma in in g u s e fu l life o f th e ma jo r s ys te ms , e q u ip me n t, s tr u c tu re , a n d fin is h e s.
2 You Must Ask for a Home InspectionA home inspection will only occur if you arrange for one. FHA does not perform a home early. You may be able to make your contract contingent on the results of the are Different from Home InspectionsAn appraisal is different from a home inspection and does not replace a home inspection. Appraisals estimate thevalue of the property for lenders. An appraisal is required to ensure the property is marketable. Home inspectionsevaluate the condition of the home for Does Not Guarantee the Value or Condition of your Potential New HomeIf yo u fin d prob le ms with yo u r n ew h o me a fte r clo s ing, FHA c ann o t g ive o r len d yo u mo ne yfo r rep a irs , an d FHA c an no t b u y th e h o me b ac k fro m yo u.
3 A sk a q ua lifie d ho me ins pe c to r toin s pe c t yo u r p o ten tia l ne w h o me an d g ive yo u th e in fo rma tion yo u ne ed to ma k e a wised ec is ion .Radon Gas Testing and other safety/health issuesT he Un ite d S ta tes En viro n me nta l P ro tec tio n A ge nc y a n d the S urge on Ge ne ra l o f th e Un ite d S ta te sh a ve rec o mme nd ed th a t a ll h ou s es s ho u ld b e tes te d fo r ra do n. Fo r mo re in forma tion o n rad onte s ting , ca ll th e to ll-fre e N a tio na l Ra do n In forma tion Lin e a t 1 -8 00 -SOS-R a do n or 1 -8 00 -7 67 -7 23 sk yo u r ho me in sp ec tor ab ou t a dd itio na l h ea lth an d s afe ty te s ts tha t may b e re le va n t fo r yo u rh o me.
4 Be an Informed BuyerIt is yo u r res pon s ib ility to b e an in forme d bu ye r. Y ou h a ve the righ t to ca re fu lly e xa min e yo u rp o te n tia l n e w h o me with a qu a lifie d ho me in sp ecto r. To fin d a qu alified h o me in sp ec tor a s k fo rre feren ce s fro m frien d s, rea lto rs , loc a l lice ns ing au tho rities a nd o rg an iza tion s tha t q ua lify a nd te s th o me in sp ec tors .HUD-92564-CN(6/14)CAUTION
