How long does an FHA appraisal take?
The appraiser's on-site visit usually takes one to two hours for a modest home, and several hours for a larger one. From the time the lender orders the appraisal to a completed and submitted report, FHA appraisals commonly take a few weeks. The buyer typically pays the appraisal fee in closing costs.
An FHA appraisal is typically completed within a week. The buyer usually pays for it, and the appraisal can remain valid for up to six months. Prepare the home before the appraiser's visit, because FHA standards require the property to meet HUD minimum property requirements for safety, soundness, and security.
Sources: Arizona Administrative Code, Title 4, Chapter 46 — Department of Insurance and Financial Institutions, Real Estate Appraisal (Supp. 24-4); Arizona DIFI — Application Requirements: Registered Trainee Real Property Appraiser.
An FHA appraisal is typically completed within a week. Once finished, it can remain valid for as long as six months. The buyer usually pays the appraisal cost, often folded into closing costs.
Sources: Wisconsin DSPS: Appraiser, Licensed profession page; Wisconsin DSPS: Appraiser, Licensed — Licensure by Examination.