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.
noun. 1  1A thin, light, crisp biscuit, especially one of a kind eaten with ice cream. âThe multitude of available food products makes the age-old snack of graham crackers and vanilla wafers obsolete.â. 2  2A thin piece of something. âwafers of smoked salmonâ.