Fha Roof Less Than 2 Years

When the appraiser struggles to view the roof the appraiser must explain why the roof is unobservable and report the results of the assessment of the underside of the roof the attic and the ceilings.

Fha roof less than 2 years. The roof should have a remaining physical life of at least two years. But that s not all the fha also requires a minimum amount of durability. Depending on the nature of the loan and other factors. The general rule for home loan approval is that the lender wants to see two years of work history.

The appraiser must exercise sound judgment when evaluating roof condition. Page 489 adds the following. If the roof has less than two years remaining life then the appraiser must report this condition in the appraisal report. The roof should have a remaining physical life of at least two years.

The roof must also provide reasonable future utility durability and economy of maintenance according to fha rules. If the roof has less than two years remaining life then the appraiser must call for re roofing or repair. The appraiser must report if the roof has significantly less than 2 years of remaining life and make the appraisal susceptible to inspection with a professional roofer. Are you looking for a home but don t have an extensive employment history.

4905 1 rev 1 2 12 life expectancy. The appraiser must clearly state whether the subject is to be repaired or re roofed. According to the fha website they have clearly stated that the roof should be able to last for a minimum of two years. This of course is a judgment call that the appraiser is required to make.

4905 1 rev 1 2 12 life expectancy. If it is determined that the roof has a remaining life of less than two years then it would be the responsibility of the appraiser to call for repair or the construction of a new roof. The roof should have a remaining physical life of at least two years. 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.

Fha home loans with less than two years of employment. The fha official site adds the roof should have a remaining physical life of at least two years. If the roof has less than two years remaining life then the appraiser must report this condition in the appraisal report. To be specific the following has been taken from the hud handbook 4000 1 regarding the fha rules for the roof.

The condition must clearly state whether the subject is to be repaired or re roofed. The roof should have a remaining physical life of at least two years. The appraiser must exercise sound judgment when evaluating roof condition. If the roof has less than two years remaining life then the appraiser must call for re roofing or repair.