Fha Appraisal Snow Covered Roof

Fha loan appraisal questions.

Fha appraisal snow covered roof. We get many questions about the fha home loan appraisal process including specific questions about certain conditions that may or may not affect the sale of a given home. Visually inspect the subject property both inside and out. Here s one of the most recent. One of the fha rules for the roof requires the appraiser to report if it has less than 2 years remaining life and require it to be replaced.

If the inspection reveals the need for roof repairs and the roof already has three or more layers of roofing the fha requires a new roof. The borrower must be informed that the roof was snow covered at the time of the appraisal and that it is acceptable to the purchaser without any warranty or guarantees from hud fha. The condition of the roof is important as it s a major source of headaches for a home owner if there is a problem down the line. Overview of fha appraisal guidelines for 2020.

At a minimum the appraiser must complete the following steps. In areas where the snow is not likely to lay for more than a few days a clear roof inspection is to be obtained prior to closing. According to the 2020 fha appraisal guidelines all properties being purchased with an fha insured mortgage loan must be appraised by a licensed hud approved home appraiser. Appraisal requirements for fha mortgage loans are found in hud 40001 and include guidelines for electrical systems plumbing paint and also requirements for the roof.

For starters the roof must do what it s designed to do fha and hud regulations say it must not leak or allow moisture to enter the home. Can i get an fha loan on a house if it has 2 layers of shingles and the 2nd layer is less than 20. Examples are peeling paint or a questionable roof. In order to pass the appraisal process the roof must also provide reasonable future utility durability and economy of maintenance according to the fha official site.

Fha accepts a maximum of three layers of roofing and it must protect the attic and interior of the home from leaks. One of the big jobs for a fha appraiser is the roof. This of course is a judgment call that the appraiser is required to make. Either way someone has to fix the issues or there will be no fha loan.