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loan from a financial institution , the applicable <br /> financial institution shall , based on its appraisal <br /> report and / or internal policy , determine what type <br /> of home inspection is needed . The financial <br /> institution shall arrange for the inspections <br /> through their established procedures and shall be <br /> responsible for all approval contingencies . <br /> For owner financed loans , the county shall require <br /> a termite inspection for all existing housing units <br /> to be purchased with SHIP funds . The county shall <br /> also require the following inspections for all <br /> existing units five years or older to be purchased <br /> with SHIP funds : <br /> - Roof <br /> Plumbing system <br /> Electrical system <br /> Heating and Air conditioning system <br /> All county required inspections must be performed <br /> by public service licensed inspectors ; registered <br /> or certified residential , building , or general <br /> contractors ; or licensed trade contractors as <br /> appropriate . Home inspection reports requested by <br /> the county shall be reviewed by the county ' s <br /> building officials to determine the condition of <br /> the home . <br /> Based on the results of the home inspection review <br /> by the bank or the county , one of the following <br /> three actions will be taken : <br /> If the home is in good condition , the <br /> downpayment / closing cost loan application will <br /> be submitted to the loan review committee for <br /> approval ; <br /> If the home needs some rehabilitation work and <br /> if the applicant is eligible to receive a <br /> combination downpayment / closing cost and <br /> rehabilitation loan , a combined downpayment / <br /> closing cost and rehabilitation application <br /> will be submitted to the loan review committee <br /> for approval ; or <br /> If the home is in excessive disrepair and <br /> cannot be fixed , the loan application will not <br /> be approved . <br /> Home inspection charges are considered to be <br /> eligible downpayment / closing cost expenses and <br /> payable through SHIP funds . In cases where the <br /> county requests a home inspection , but due to the <br /> condition of the home a downpayment / closing cost <br /> loan cannot be approved , the cost of the home <br /> inspection will be paid through the administration <br /> 56 <br />