Fha Roof Requirements

As with the va loan an fha loan requires that the roof on a home not be leaking.

Fha roof requirements.

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. Fha mortgage source is florida s leading fha loan resource. November 17 2019. Fha appraisals and roof requirements.

Less than 2. 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. It also requires that the roof be functional for at least two more years from the date of purchase. Water heaters the water heater must meet local building.

It s the appraiser s job to look over the home make sure it meets fha standards and assign it a fair market value. Up in the attic the property also must offer ready access to the attic. 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. Section 607 1 l when cost effective.

Exceed requirements of the cabo model energy code 1983. The appraiser notes any. 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. 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.

Hud hoc reference guide roofs attics chapter 1 appraisal property requirements page 1 24. 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. 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. Edition as referenced in the minimum property standards.

Any needed repairs to the roof must get completed by a roofer who is approved by the fha mortgage lender. One frequently asked question about the fha loan process is related to fha appraisals and the minimum requirements for the roof of the home. 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. Are either built up roofing bur or non conventional.

This of course is a judgment call that the appraiser is required to make.