Close

See current mortgage rates on Zillow Mortgage Marketplace

Profile picture for user789855

does a home have to pass home inspection first, before a bank would consider providing financing?

  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
April 29 2012 - Tuckerton
We think we've answered this question for you!
  • Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.
 
 

Answers (4)

Banks generally do not require a copy of the inspection report - but will require a clean wood destroying insect report. So if evidence of wood destroying insects is found, then a treatment will be required and certification issued for the bank to proceed.

If the loan is FHA, they may require an inspection - FHA allows the borrower to put little down and so the bank owns even more of the property - hence a heavier burden on ensuring that certain inspection matters are in order.

  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
May 17 2012
Some do some don't and same applies to insurance companies. Some do some don't.
You should always get an inspection and at the very least a four point inspection to determine if the roof ,electrical,plumbing and HVAC have any issues. I like to consult with homeowners on four point inspections and what the insurance co's look for.

Thank you,

Wayne Collier
[post edited for contact info, please refer to good neighbor policy]
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
May 09 2012
Time and again my clients need a copy of the inspection report for the bank. They are mostly interested in serious defects like bad roof, foundation issues, wiring, and things that represent a high risk to them.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
May 04 2012
Most loan programs do not require a home inspection review from the bank. The bank will review the appraisal (opinion of property value). This report will list any obvious deficiencies as well as some existing health and safety hazards, however it will not be as thorough as a home inspection.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
April 29 2012
 
Related Questions
does a home have to pass home inspection first, before a bank would consider providing financing?
Profile picture for Jeanne Feenick
Latest answer by Jeanne Feenick
May 17 2012 | 4 answers
  • Asked by user789855
  • In Mortgage
  • April 29 2012
Mortgage Rates
 
Be A Good Neighbor

Zillow Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy.

Homes for Sale
  1. 23 Hunter Dr, Little Egg Harbor Twp, NJ Home For Sale
    23 Hunter Dr, Little Egg Harbor Twp, NJ 08087

     For Sale: $329,000

    • Beds: 3
    • Sqft: --
    • Baths: 2.0
    • Lot: 6708
  2. 370 E Main St, Tuckerton, NJ Home For Sale
    370 E Main St, Tuckerton, NJ 08087

     For Sale: $79,900

    • Beds: 0
    • Sqft: --
    • Baths: --
    • Lot: 43560
  3. 121 Pharo Ave, Tuckerton, NJ Home For Sale
    121 Pharo Ave, Tuckerton, NJ 08087

     For Sale: $229,900

    • Beds: 3
    • Sqft: 1456
    • Baths: 2.0
    • Lot: 9375