It absolutely is not. I've purchased two (2) homes with catastrophic damage to their foundations and structural members, bad plumbing, and worse wiring. The mortgage company didn't make a peep. The insurance company did pitch a bitch about a brick porch attached to one of the homes, so I ended up spending a day and a half repointing it, but that's all.

I’m not sure where you live, but mortgage companies require inspection reports and if the inspection fails of structural condition, you’re not getting a mortgage where I live.