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FHA Inspection Checklist — During the appraisal, they will: Visually inspect the interior and exterior of the property and complete the VC form. A Federal Housing Administration (FHA) inspection is a thorough inspection that is carried out for any property that involves an FDA loan.As one of the VA loan requirements a VA home inspection is required. To get an FHA loan, homebuyers can secure their loans through FHA lenders. A preapproval is not a loan approval, rate lock, guarantee or commitment to lend.