Appraisal questions please!!?

Hello!

I am looking to buy a very old victorian style home. We are looking to use a USDA loan program, but we still would have to get an appraisal correct? With that said, I read a few places that they still use FHA requirements. This house has some chipping paint on the inside and outside of the house. If the seller gets that power washed off will it then pass? If not, what are some options that we may have so that it does pass?

Thanks in advance!!!!!!!!!!!!!!!!!!!

1 Answer

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  • 8 years ago
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    The paint has to be encapsulated. Chip off whatever paint is loose and than paint over it.

    Source(s): Full time appraiser
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