Jul 13, 2016 - 11:42 AM
Having said that, whether a new inspection is required for the FHA appraisal depends on the extent of the inspection that was performed for the USDA appraisal. Typically, FHA requires a greater level of inspection than most conventional loans so you would need to determine whether or not all of the items required for the FHA inspection were performed during the USDA inspection.
One important point to keep in mind is when using standard (i.e., Fannie Mae) appraisal report forms, those forms include pre-printed language stating the effective date of the appraisal is the date of inspection.
We hope you find this helpful.