Fha Life Of Roof

The previous fha loan rulebooks including hud 4155 1 and hud 4155 2 have been superseded by hud 4000 1 so it seemed like a good idea to post the fha s current appraisal requirements for the roof since it s one of the most commonly asked about parts of the home with respect to the fha appraisal process.

Fha life of roof.

Fha mortgage source is florida s leading fha loan resource. Here learn which roofing lasts the longest. 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 roof should have a remaining physical life of at least two years.

An fha appraiser is required to view the roof but does not. This of course is a judgment call that the appraiser is required to make. Fha will accept a maximum of 3 layers of roofing material. That means it must be worth the purchase price and have such basics as electricity drinkable water adequate heat a stable roof fire exits and more.

Hud 4000 1 says the appraiser must notify the mortgagee of the deficiency if the roof covering does not prevent entrance of moisture or provide reasonable future utility durability and economy of maintenance and does not have a remaining physical life of at least two years. The appraiser must clearly state whether the subject is to be repaired or re roofed. 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. For a federal housing administration fha loan to be approved the home must pass an fha inspection and appraisal.

Installed correctly a new roof will last at least 15 years but the exact lifespan depends on the material. If more than two layers of roofing exist and re roofing is required all of the old roofing must be removed as part of the re roofing. 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. 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.

Water heaters the water heater must meet local building. If the roof has less than two years remaining life then the appraiser must call for re roofing or repair. But that s not all the fha also requires a minimum amount of durability.