when a home is inspected in conjunction with a sale an inspector will assess the property however it may still be necessary to ask direct questions about the insurability of the home and any issues that stand out if a homebuyer does not remain attentive to such problematic possibilities they may be caught in a deal for a property they cannot secure insurance for if the property owner plans to make repairs to come into compliance there may be policies available that cover the presence of workers who will be on the property to make those repairs 
fha 203k loanas stated earlier the department of housing and urban development hud homes must be appraised and inspected before they can be listed the homes typically fall into one of three categories insurable insurable with repair escrow or uninsurable any hud home that is uninsurable will generally have to secure other than fha financing however in certain instances hud will provide financing for purchasing an uninsurable property through its fha 203k loan financing program these are rehab mortgages where the lender rolls the repair costs into the mortgage these homes usually sell at a large discount and are not offered through conventional financing because of their condition 5some of the repairs covered by the fha 203k loan include there are two 203k loan programs that include the standard 203k loan for major repairs and the limited 203k loan for minor repairs capped at 35 000 5