Fha Roof Requirements

The appraiser notes any.

Fha roof requirements. Fha appraisals and roof requirements. One frequently asked question about the fha loan process is related to fha appraisals and the minimum requirements for the roof of the home. Homes and projects financed by fha insured mortgages are the collateral for these loans and their lack of durability can increase fha s financial risk in the event of default. Exceed requirements of the cabo model energy code 1983.

Any needed repairs to the roof must get completed by a roofer who is approved by the fha mortgage lender. November 17 2019. Water heaters the water heater must meet local building. Up in the attic the property also must offer ready access to the attic.

As with the va loan an fha loan requires that the roof on a home not be leaking. To be specific the following has been taken from the hud handbook 4000 1 regarding the fha rules for the roof. A federal housing administration loan or fha loan has very similar requirements to the va loan. Now that you are aware of the roof requirements of the fha mortgage loan it is best to conduct your own investigation of the home so that you can accurately deduce the state and remaining physical life of the roof prior to an fha appraiser investigation.

This of course is a judgment call that the appraiser is required to make. The covering must prevent moisture from entering and provide reasonable future utility durability and economy of maintenance the appraiser must visually examine the roof to determine whether deficiencies present a health and safety hazard or do not allow for reasonable future utility. Fha mortgage source is florida s leading fha loan resource. 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.

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. It also requires that the roof be functional for at least two more years from the date of purchase. It s the appraiser s job to look over the home make sure it meets fha standards and assign it a fair market value. Are either built up roofing bur or non conventional.

Hud hoc reference guide roofs attics chapter 1 appraisal property requirements page 1 24. 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. Section 607 1 l when cost effective. More specifically the model codes do not contain any minimum requirements for the durability of such items as doors windows gutters and downspouts painting and wall.

Less than 2.