Fha Requirements On A Roof

To be specific the following has been taken from the hud handbook 4000 1 regarding the fha rules for the roof.

Fha requirements on a roof.

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. Hud hoc reference guide roofs attics chapter 1 appraisal property requirements page 1 24. November 17 2019. It also requires that the roof be functional for at least two more years from the date of purchase.

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. 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. For a federal housing administration fha loan to be approved the home must pass an fha inspection and appraisal. Fha mortgage source is florida s leading fha loan resource.

One frequently asked question about the fha loan process is related to fha appraisals and the minimum requirements for the roof of the home. 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 appraisals and roof requirements. 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.

This of course is a judgment call that the appraiser is required to make. A federal housing administration loan or fha loan has very similar requirements to the va loan. It s the appraiser s job to look over the home make sure it meets fha standards and assign it a fair market value. As with the va loan an fha loan requires that the roof on a home not be leaking.

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. 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. Water heaters the water heater must meet local building. 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.