FHA: When an FHA loan is being used, the appraiser has two objectives. The Department of Housing and Urban Development (HUD) requires him to determine the current market value, as with any appraisal. But they also require a property inspection to make sure the home meets HUD's minimum standards for health and safety.
Definition of snack. : a light meal : food eaten between regular meals; also : food suitable for snacking.
1. a small portion of food or drink or a light meal, esp. one eaten between regular meals. 2. a share or portion. v.i. 3. to have a snack or light meal, esp. between regular meals. [1300â50; Middle English: a snap or bite, derivative of snacken to snap, bite; compare Middle Dutch snack a snap]