Buying A Home
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FHA appraisal ordered

For anyone out there who has done an FHA home loan - do you remember how soon the appraisal happened from when you were notified it was scheduled? We got notice today that the appraisal has been scheduled but they didn't give us a date.

Is there some sort of criteria, as in they have to do it x amount of days from now? I can't seem to find any information about it online.

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Re: FHA appraisal ordered

  • Not sure if there is a deadline, but we were notified on Friday that ours will be this coming Wednesday.
    BabyFetus Ticker
  • imagekimberlygo:
    Not sure if there is a deadline, but we were notified on Friday that ours will be this coming Wednesday.

    Did they give any more detail than that, like how soon the results should be in to continue processing the loan? I feel like this is the last big hurdle we have and I'm so anxious for it to be over with!

     

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  • We were told it should take a few days max and that we could expect the results by the end of the week.  We're buying a condo, but I'm sure a house probably has similar timing.
    BabyFetus Ticker
  • we were told on a monday it was happening that friday. we had the results the following tuesday. good luck
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  • And, I suppose a follow up question - how soon from FHA appraisal completion to loan approval? I'm just sitting here thinking setting a closing date of 4/25 is cutting it short if we won't have the appraisal for another week or so. I have no idea how long the loan takes to process.
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  • We seem to be kind of on the same timeline and our closing date is May 10. They said we might be ready to close a few days earlier if we wanted to, but that May 10 was a fair, conservative date. Hope that helps!
    BabyFetus Ticker
  • Mine was ordered on Monday and I am still waiting for it.  They told me 5-7 days so I am expecting it back by next Wednesday.
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