Home Appraisal FAQs - Appraisals Is a well located in the basement acceptable for FHA financing?
Is a well located in the basement acceptable for FHA financing?


An existing property, which is serviced by a well located within the foundations walls of the dwelling, is acceptable as security for FHA-insured financing only when the local jurisdiction recognizes and permits such a location. A well located within the foundation walls of new construction is not acceptable except in arctic or sub-arctic regions.

(Source: www.hud.gov

 

 

 

 

 

 

 

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