I thought it was required in some places to have a home inspection done before a loan is approved. It beats spending $7,000 on a new roof.
FHA and VA loans require a one page sheet, with all verbage done by them, regarding home inspections as part of the contract. It goes with the initial offer to the seller, and must be signed by the buyer, whether or not they buyer is having a home inspection.
It's basically a warning, that the buyer
should have a home inspection, and that it has been recommended by the real estate agent who writes the offer.
Buyer has to check either "yes, they will have a HI" or "no, they are going against advice".
Signing this has several purposes.
It makes the buyer realize that to have or not to have a home inspection was their own choice.
It notifies the seller that the buyer is going to have either an FHA or VA loan, and the seller will most likely be asked to make mandatory repairs required by FHA or VA.
It covers the real estate agent's tush. Buyer can't say, after purchase and something is wrong, that the agent writing the offer, did not tell them to get a home inspection.
I have another one, for conventional loan buyers to sign, that they chose not to have a home inspection, against agent's advice.
Only ones I don't have sign, for conventional or cash, are investors. Most of them know as much as a home inspector, if they are not first time investors.