Do Lenders Require a Home Inspection During the Mortgage Process?
🏡 Thinking about buying a home? You might be wondering whether a home inspection is required for mortgage approval . While lenders don’t always mandate inspections, skipping one could lead to costly surprises down the road. In this guide, we’ll cover:✔ When lenders require a home inspection ✔ Why home inspections matter—even if not required ✔ How inspections impact mortgage approval ✔ Who pays for the home inspection? ✔ What happens if an inspection reveals major issues? Let’s dive into what you need to know about home inspections and mortgages! 🏠 Do Lenders Require a Home Inspection? In most cases, lenders do not require a home inspection to approve a mortgage. However, they do require an appraisal to ensure the home’s value aligns with the loan amount. 🔹 When Is a Home Inspection Required? Lenders may require an inspection under certain circumstances, such as:✔ FHA, VA, and USDA loans – Government-backed loans have stricter requirements. If majo...