WebFor existing properties, FHA requires that a domestic well be located a minimum of 100 feet from the septic tank’s drain field and a minimum of 10 feet from any property line. Should state or local regulations require greater distances, those distances must be met. WebApr 5, 2024 · Fannie Mae requires the lender to disclose any information regarding environmental hazards to the appraiser and note the individual mortgage file accordingly if the real estate agent, the property seller, the property purchaser, or any other party to the mortgage transaction informs the lender that an environmental hazard exists in or on the …
FHA Inspection and Appraisal Requirements - SmartAsset
WebFeb 3, 2024 · FHA minimum credit score: 500. FHA minimum down payment: 3.5%. FHA debt-to-income ratio: 50% or less. FHA loan income requirements. FHA loan limits: $472,030 (floor) to $1,089,300 (ceiling) FHA ... WebThe VA leaves the responsibility for a dug well to the borrower, but the water from such wells must meet testing requirements. If the water is found to be contaminated, you may need to do some additional negotiations or planning to correct the issue before you can be approved for the VA home loan. Turnaround time is typically 10-days. b\u0026b theater shawnee kansas
FHA Well & Septic Guidelines Home Guides SF Gate
WebJun 1, 2024 · According to the U.S. Department of Housing and Urban Development (HUD), the FHA requires that the properties financed with its loan products meet the following minimum standards: Safety: The... WebSep 26, 2016 · The authors have written thousands of blogs specific to FHA mortgages and the site has substantially increased readership over the years and has become known for its “FHA News and Views”. 5850 San Felipe Suite #500, Houston, TX 77057 281-398-6111. FHANewsBlog.com is privately funded and is not a government agency. WebThis article explains the FHA rules as referenced with Private Well Distance Requirements. If a private well is the primary source of drinking water, these minimum requirements … explain access specifier in c++