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Definition of nontraditional mortgage: A type of mortgage that is not. home below the market price and are subject to approval by the holder of the loan on the .
Current 15 Year Interest Rates Fha Requirements For Homes FHA Appraisal Guidelines in 2019 – FHA handbook – FHA: When an FHA loan is being used, the appraiser has two objectives. The Department of Housing and Urban development (hud) requires him to determine the current market value, as with any appraisal. But they also require a property inspection to make sure the home meets hud’s minimum standards for health and safety.