Question : Do you have to hook up to public water to refinance with FHA?
We have well water and are refinancing our house with FHA. The appraiser said we may be required to hook up to public water. I need to know if it is required in a refinance. We do not currently have an FHA loan, we are refinancing with FHA. She didn't know if it was required since it was a refinance and not a new purchase. Thanks.
- asked by CLW
All Answers:
Answer #1
The appraiser is not authorized to speak as to FHAunderwriting guidelines b/c he is not a licensedinspector nor an FHA underwriter.An FHA appraiser,appraises cosmetic condition and marketvalue--period.It is not required. However, homeswith a well do require a well test to ensure thatthe well is safe and located the appropriatedistance from a sewer source.Local codes usuallytake care of the issue.In some rural areas, mostpeople have wells.
- answered by Expert Realtor
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