FHA issued Mortgagee Letter 2023-20 updating the maximum allowable property inspection fees for mortgage servicers. Per the Mortgagee Letter, the new maximum allowable property inspection fee for an initial occupancy inspection, and any occupancy follow-up inspection, is $30 plus $20 for each additional unit. The new maximum allowable property inspection fee for ongoing vacant inspections that are first-time vacant property inspections (one time), and any follow-up vacant property inspections, is $45 plus $30 for each additional unit. The Mortgagee Letter is effective November 14, 2023.
Click to view the FHA Mortgagee Letter 2023-20: https://www.tenaco.com/wp-content/uploads/2023/11/FHA-Mortgagee-Letter-2023-20-Updated-11-14-23.pdf
Click to view the FHA Info #2023-91: https://www.tenaco.com/wp-content/uploads/2023/11/FHA-Info-2023-91.pdf
