When it comes to buying a home, the more you know about it, the more confident you can be in making the right decision. That’s why home inspections are a must for every buyer.

Home inspections give you detailed information on the physical condition of the house and can be used as protection in your purchase offer. If the house has defects or problems revealed by the inspection, you can back out of the offer.

Even more, a home inspection can save you thousands of dollars in the long run. If the problems are too expensive to fix, you can ask the seller to fix them, reduce the purchase price, or give you a cash credit at closing to fix them yourself—this is where a home inspection can pay for itself several times over.

Home Inspection FAQs

How much does a home inspection cost?

Aren’t the home’s physical deficiencies noted in an appraisal?

Will a home inspection hurt my chances of getting a mortgage?

Will Flagstar recommend a home inspector?

Am I entitled to a copy of the home inspection report?

If the inspection identifies major deficiencies, who pays to have them repaired?

Do I have to borrow more if the inspection reveals repairs needed that are not listed on the appraisal?

If a home inspection reports major deficiencies, can my contract be cancelled?


Programs available only to qualified borrowers. Programs subject to change without notice. Underwriting terms and conditions apply. Some restrictions may apply.

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