Transcription of OMB Approval No: 2502- Housing and Urban Development ...
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.
2 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 .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.
3 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 . 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.
4 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.
5 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
