Buying a Home: Is Your House FHA-Friendly?

Buying a home is a huge step, and for many buyers, an FHA loan is the key to homeownership. These government-backed loans make buying more accessible, especially for first-time buyers. But not every home qualifies. If you’re selling, you might wonder: Is your house FHA-friendly?

Whether you're listing in Litchfield or browsing Southern NH Houses for Sale, understanding FHA requirements can help attract more buyers. Let’s break it down so you can get your home market-ready.

What Makes a Home FHA-Friendly?

FHA loans are backed by the Federal Housing Administration. That means houses must meet certain standards to qualify. Here are the basics:

1. Safety and Structural Soundness
   The home must be safe and habitable. No major structural issues, no exposed wiring, and no broken windows.

2. Functioning Systems
   Heating, plumbing, and electrical systems should work properly. An old system isn't a deal breaker, but it must be in good working condition.

3. Water and Sewage
   The property needs access to clean water and a functional sewage system. Well water is okay, but it must pass safety tests.

4. No Major Hazards
   Peeling lead paint, mold, or pest infestations can disqualify a home. These need to be fixed before the loan is approved.

5. Secure Foundation and Roof
   The roof should have at least two years of life left. The foundation must be stable with no major cracks or shifting.

Why FHA-Friendly Homes Sell Faster

Many buyers rely on FHA loans. If your home meets FHA guidelines, you attract more potential buyers. This can lead to more offers and a quicker sale.

Litchfield Houses for Sale and Southern NH houses for sale often appeal to FHA buyers. Making sure your home meets FHA standards gives you a competitive edge.

How to Make Your Home FHA-Approved

If you're selling, follow these steps to make your home FHA-friendly:

1. Get a Pre-Inspection

A home inspector can point out issues before buyers even see them. Fixing small problems early prevents loan delays.

2. Repair Safety Hazards

Loose railings, broken steps, or exposed wires? Fix them now. FHA appraisers flag these as safety concerns.

3. Update Old Systems

If your heating or electrical system is outdated, consider upgrading. It doesn’t have to be brand new, but it should be functional and safe.

4. Test Water Quality

If your home has a well, schedule a water test. FHA requires clean drinking water with no contaminants.

5. Address Peeling Paint

Homes built before 1978 may have lead-based paint. FHA requires it to be removed or sealed to prevent exposure.

6. Secure the Roof

If your roof is near the end of its life, consider replacing it. Buyers may not get loan approval if it’s too worn.

7. Keep the Foundation Solid

Cracks or shifting in the foundation can be deal breakers. A foundation specialist can assess and repair issues before they become a problem.

8. Check for Termites and Pests

FHA appraisers check for termite damage. If you have signs of pests, get an exterminator before listing your home.

FHA Loan Limits in New Hampshire

FHA loans have limits based on location. In Southern NH, these limits vary depending on the county. If you're selling in Litchfield or nearby, knowing the loan limits can help price your home competitively.

Is Your Home FHA-Friendly?

If you're selling a home in Litchfield or browsing Southern NH Houses for Sale, making sure your house is FHA-friendly can attract more buyers. Meeting FHA guidelines can mean a faster sale and fewer delays.

Want expert advice on selling your home? Let’s chat! Ensuring your home is FHA-friendly might just be the key to getting the best offer.

If you need more tips on how to make your home FHA-Friendly, or are ready to sell your house give us a call at (603) 883-8840. You can also sign up for your dream home search or reach out to Our Agents for more information. We’d love to help you with your real estate needs.