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Yes, you can get approved for a home with Knob and Tube wiring. The underwriting guidelines for all of the major mortgage agencies (Fannie Mae, Freddie Mac, FHA, VA, and USDA) all allow for Knob and Tube wiring as long as the system is deemed to be safe, functional, and typical for the area.Should you replace knob and tube wiring?
Why is Knob and Tube Dangerous? Knob and tube should be replaced because the original wiring was designed to carry less electrical current than today's standard wiring. In the 30's knob and tube was adequate for lights and electric circuits.How safe is knob and tube wiring?
Knob and tube wiring can be safe, but it's important to have your system inspected for wear and incorrect alterations ASAP. Well-installed knob and tube wiring is not inherently dangerous, but aging systems and the demands of modern homes increase the risk of dangerous complications.