How Long Are FHA Appraisals Good For?

An FHA appraisal is valid and must be used for a period of 120 days.  FHA measures the appraisal validity period from the day that the FHA appraiser inspects the property through the day that the FHA loan being used to buy the property that was appraised is closed.  FHA does technically allow for an appraisal to be extended up to 30 days beyond the 120 day validity period if that appraisal has not been updated per FHA update policy.   More important however is the fact that in this current … [Read more...]