Does conventional require a termite inspection?
Conventional doesn't blanket-require a termite inspection nationally, but Florida contracts and lender overlays often require a wood-destroying-organism (WDO) report on conventional purchases. Florida's termite activity makes the inspection a practical requirement on most files.
What this actually means.
Federal conventional rules don't impose a national termite-inspection requirement. Florida-specific practice: most purchase contracts include a WDO clause, and many lenders require the WDO report as a closing condition. Active infestation or visible damage usually requires treatment and repair before closing. The seller commonly pays for the WDO inspection in Florida contracts. Subject to contract terms and lender overlays.
Where this can move.
Property condition, comparable sales availability, appraisal waiver eligibility, and Reconsideration of Value can change the appraised value.
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More conventional questions on Appraisal.
Educational only. Conventional loan guidelines, lender overlays, rates, fees, PMI, LLPAs, and underwriting requirements can change. Final eligibility depends on full underwriting review. Mortgage Expert, Inc. is not affiliated with Fannie Mae, Freddie Mac, FHFA, or any government agency.