Video Transcript:
Everyone thinks FHA loans are helpful. But for older homes, they hide a big problem that can stop your purchase dead in its tracks. I’m David Ghazaryan, and I see this daily. An FHA appraiser isn’t just checking value; they enforce strict government safety rules many homes fail. A conventional loan cares about price. An FHA loan cares about peeling paint and if a roof has two years of life left (Data may vary over time). When an older home fails the FHA rules, I don’t see a problem. I use a tool that pays for the house and the fixes together. If a house is sold 'as-is,' your FHA loan becomes a trap. The seller won’t fix things, but the government requires it. The deal collapses. This system changes how older homes are bought and sold. To see more analysis, find my platforms and the article linked in the description.
Read Blog Here: https://www.iqratemortgages.com/blog/fha-vs-conventional-loan-for-an-older-california-home
