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An FHA appraiser will observe, analyze and report on whether a property meets the U.S. Department of Housing and Urban Development’s (HUD) “minimum property requirements.”
Among the challenges faced by homebuyers, 13% of all buyers and 24% of those under the age of 37 find the down payment requirement to be the most daunting task. On average, the down payment amount is $6,624. FHA borrowers have an average debt-to-income ratio of 40.34%, and the typical FHA loan amount is $191,650.