{"id":204417,"date":"2024-03-16T05:43:11","date_gmt":"2024-03-16T05:43:11","guid":{"rendered":"https:\/\/namso-gen.co\/blog\/how-long-is-fha-appraisal-good-for\/"},"modified":"2024-03-16T05:43:11","modified_gmt":"2024-03-16T05:43:11","slug":"how-long-is-fha-appraisal-good-for","status":"publish","type":"post","link":"https:\/\/namso-gen.co\/blog\/how-long-is-fha-appraisal-good-for\/","title":{"rendered":"How long is FHA appraisal good for?"},"content":{"rendered":"<p>**The FHA appraisal is typically good for 120 days.**<\/p>\n<p>An FHA appraisal is a key component in the process of securing an FHA loan. Before a lender can approve an FHA loan, the property must be appraised to determine its market value. The appraisal protects both the lender and the buyer by ensuring the property is worth the loan amount. But how long does this appraisal stay valid?<\/p>\n<p>Typically, an FHA appraisal is valid for 120 days from the date the appraisal report is completed. This means that the lender must close on the loan within 120 days of the appraisal being completed. If the loan does not close within this timeframe, a new appraisal may be required.<\/p>\n<p>It is important to note that the 120-day validity period is not set in stone and can vary depending on the lender and specific circumstances. Some lenders may require a new appraisal if the loan does not close within 120 days, while others may be more lenient. It is always best to check with your lender to understand their specific policies regarding appraisal validity.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_62 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/namso-gen.co\/blog\/how-long-is-fha-appraisal-good-for\/#FAQs_about_FHA_appraisals\" title=\"FAQs about FHA appraisals:\">FAQs about FHA appraisals:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/namso-gen.co\/blog\/how-long-is-fha-appraisal-good-for\/#1_Can_the_validity_of_an_FHA_appraisal_be_extended\" title=\"1. Can the validity of an FHA appraisal be extended?\">1. Can the validity of an FHA appraisal be extended?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/namso-gen.co\/blog\/how-long-is-fha-appraisal-good-for\/#2_What_happens_if_the_FHA_appraisal_expires_before_the_loan_closes\" title=\"2. What happens if the FHA appraisal expires before the loan closes?\">2. What happens if the FHA appraisal expires before the loan closes?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/namso-gen.co\/blog\/how-long-is-fha-appraisal-good-for\/#3_How_much_does_an_FHA_appraisal_cost\" title=\"3. How much does an FHA appraisal cost?\">3. How much does an FHA appraisal cost?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/namso-gen.co\/blog\/how-long-is-fha-appraisal-good-for\/#4_Who_pays_for_the_FHA_appraisal\" title=\"4. Who pays for the FHA appraisal?\">4. Who pays for the FHA appraisal?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/namso-gen.co\/blog\/how-long-is-fha-appraisal-good-for\/#5_Is_an_FHA_appraisal_different_from_a_traditional_appraisal\" title=\"5. Is an FHA appraisal different from a traditional appraisal?\">5. Is an FHA appraisal different from a traditional appraisal?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/namso-gen.co\/blog\/how-long-is-fha-appraisal-good-for\/#6_What_factors_do_FHA_appraisers_consider_when_determining_the_value_of_a_property\" title=\"6. What factors do FHA appraisers consider when determining the value of a property?\">6. What factors do FHA appraisers consider when determining the value of a property?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/namso-gen.co\/blog\/how-long-is-fha-appraisal-good-for\/#7_Can_a_borrower_request_a_copy_of_the_FHA_appraisal_report\" title=\"7. Can a borrower request a copy of the FHA appraisal report?\">7. Can a borrower request a copy of the FHA appraisal report?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/namso-gen.co\/blog\/how-long-is-fha-appraisal-good-for\/#8_Can_a_borrower_challenge_the_results_of_an_FHA_appraisal\" title=\"8. Can a borrower challenge the results of an FHA appraisal?\">8. Can a borrower challenge the results of an FHA appraisal?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/namso-gen.co\/blog\/how-long-is-fha-appraisal-good-for\/#9_How_long_does_it_take_to_complete_an_FHA_appraisal\" title=\"9. How long does it take to complete an FHA appraisal?\">9. How long does it take to complete an FHA appraisal?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/namso-gen.co\/blog\/how-long-is-fha-appraisal-good-for\/#10_Are_FHA_appraisals_transferable_between_lenders\" title=\"10. Are FHA appraisals transferable between lenders?\">10. Are FHA appraisals transferable between lenders?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/namso-gen.co\/blog\/how-long-is-fha-appraisal-good-for\/#11_Can_a_borrower_choose_their_own_appraiser_for_an_FHA_appraisal\" title=\"11. Can a borrower choose their own appraiser for an FHA appraisal?\">11. Can a borrower choose their own appraiser for an FHA appraisal?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/namso-gen.co\/blog\/how-long-is-fha-appraisal-good-for\/#12_What_happens_if_the_FHA_appraisal_comes_in_lower_than_the_purchase_price\" title=\"12. What happens if the FHA appraisal comes in lower than the purchase price?\">12. What happens if the FHA appraisal comes in lower than the purchase price?<\/a><\/li><\/ul><\/nav><\/div>\n<h3><span class=\"ez-toc-section\" id=\"FAQs_about_FHA_appraisals\"><\/span>FAQs about FHA appraisals:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<h3><span class=\"ez-toc-section\" id=\"1_Can_the_validity_of_an_FHA_appraisal_be_extended\"><\/span>1. Can the validity of an FHA appraisal be extended?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nIn some cases, lenders may be able to request an extension on the validity of an FHA appraisal. This typically requires approval from the FHA or the appraisal management company.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_What_happens_if_the_FHA_appraisal_expires_before_the_loan_closes\"><\/span>2. What happens if the FHA appraisal expires before the loan closes?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nIf the FHA appraisal expires before the loan closes, a new appraisal may be required. This can delay the closing process and potentially impact the terms of the loan.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_How_much_does_an_FHA_appraisal_cost\"><\/span>3. How much does an FHA appraisal cost?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nThe cost of an FHA appraisal can vary depending on the size and location of the property. On average, an FHA appraisal can cost between $300 and $500.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"4_Who_pays_for_the_FHA_appraisal\"><\/span>4. Who pays for the FHA appraisal?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nIn most cases, the borrower is responsible for paying for the FHA appraisal. This cost is typically included in the closing costs of the loan.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"5_Is_an_FHA_appraisal_different_from_a_traditional_appraisal\"><\/span>5. Is an FHA appraisal different from a traditional appraisal?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nWhile an FHA appraisal follows many of the same principles as a traditional appraisal, there are specific guidelines and standards set by the FHA that appraisers must adhere to.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"6_What_factors_do_FHA_appraisers_consider_when_determining_the_value_of_a_property\"><\/span>6. What factors do FHA appraisers consider when determining the value of a property?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nFHA appraisers take into account factors such as the condition of the property, its location, comparable sales in the area, and any potential health or safety issues.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"7_Can_a_borrower_request_a_copy_of_the_FHA_appraisal_report\"><\/span>7. Can a borrower request a copy of the FHA appraisal report?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nBorrowers have the right to request a copy of the FHA appraisal report. This can help them understand how the appraiser arrived at the property&#8217;s value.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"8_Can_a_borrower_challenge_the_results_of_an_FHA_appraisal\"><\/span>8. Can a borrower challenge the results of an FHA appraisal?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nIf a borrower believes the FHA appraisal is inaccurate, they may be able to challenge the results. This typically requires providing additional supporting documentation.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"9_How_long_does_it_take_to_complete_an_FHA_appraisal\"><\/span>9. How long does it take to complete an FHA appraisal?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nThe timeframe for completing an FHA appraisal can vary depending on factors such as the complexity of the property and the appraiser&#8217;s schedule. On average, an FHA appraisal can take 1-2 weeks to complete.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"10_Are_FHA_appraisals_transferable_between_lenders\"><\/span>10. Are FHA appraisals transferable between lenders?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nIn most cases, FHA appraisals are not transferable between lenders. If a borrower switches lenders during the loan process, a new appraisal may be required.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"11_Can_a_borrower_choose_their_own_appraiser_for_an_FHA_appraisal\"><\/span>11. Can a borrower choose their own appraiser for an FHA appraisal?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nBorrowers cannot choose their own appraiser for an FHA appraisal. The appraiser must be selected by the lender or an appraisal management company to ensure impartiality.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"12_What_happens_if_the_FHA_appraisal_comes_in_lower_than_the_purchase_price\"><\/span>12. What happens if the FHA appraisal comes in lower than the purchase price?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nIf the FHA appraisal comes in lower than the purchase price, the lender may require the borrower to make up the difference in cash or renegotiate the purchase price with the seller.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>**The FHA appraisal is typically good for 120 days.** An FHA appraisal is a key component in the process of securing an FHA loan. Before a lender can approve an FHA loan, the property must be appraised to determine its market value. The appraisal protects both the lender and the buyer by ensuring the property &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"How long is FHA appraisal good for?\" class=\"read-more button\" href=\"https:\/\/namso-gen.co\/blog\/how-long-is-fha-appraisal-good-for\/#more-204417\">Read more<span class=\"screen-reader-text\">How long is FHA appraisal good for?<\/span><\/a><\/p>\n","protected":false},"author":52,"featured_media":107420,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86279],"tags":[],"class_list":["post-204417","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-learn","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How long is FHA appraisal good for?<\/title>\n<meta name=\"description\" content=\"**The FHA appraisal is typically good for 120 days.** An FHA appraisal is a key component in the process of securing an FHA loan. 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