I'm wondering if you are talking about appraisals? The FHA doesn't require a home inspection to be done, but they strongly recommend it, which is why you have to sign the paper saying you are aware of the availability of home inspections, but it's not mandatory.

As far as the appraisal, FHA appraisals generally are tougher to "pass" because the FHA appraisal guidelines are more stringent. You will need to figure out how the things that need to get fixed for the loan to fund are going to get fixed.

I know there are some loans (with US Bank and Wells Fargo) that are 3% downpayment, no MI and they will provide up to $5000 toward work orders that are required by the appraisal. You pay a slightly higher interest rate (though still under 5%) and whatever you need to pay for from the allowable $5000 is added to your mortgage.

Good luck!

Tony,

FHA inspectors are generally more difficult to work with than Conventional inspectors. The good news however is that you are a buyer and they will work to protect you in your purchase.

I would expect that the ceiling will be called but it is the responsibility of the seller to fix these problems prior to closing. If the bank refuses to fix these items then your loan won't fund and chances are likely that the bank will not be able to accept FHA financing (a big mistake in today's market) on this house.

Have your agent talk you through how exactly to get the bank to pay for it - there are a number of ways that I can think of but it would depend on your situation.

Good luck with your first house!!

Cameron Piper