Here is the general.
Fha appraisal roof inspection.
The primary areas of inspection are the roof the foundation lot grade ventilation mechanical systems heating electricity and crawl spaces when present.
An fha appraisal is valid for 120 days.
What does the appraiser look for.
The fha requires that loans must close within 120 days of the appraisal and the original appraiser must return to the property within this timeframe to confirm that any necessary repairs have been made.
These are the minimum steps that must be performed during an fha home appraisal.
Fha no longer mandates automatic inspection of flat and or unobservable roofs.
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.
Otherwise a new appraisal is required and the process starts all over again although a 30 day extension is possible under some circumstances.
So what does the fha appraiser look for during this process.
When the appraiser is unable 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 it cannot be emphasized enough that an fha appraisal is not meant to be a top to bottom inspection of the roof.
In order to pass the appraisal process the roof must also provide reasonable future utility durability and economy of maintenance according to the fha official site.
Fha suggests that buyers independently have an inspection done.
Additionally the attic must be inspected for roof problems another.
Water heaters the water heater must meet local building.
There are some situations where it is not possible to see the roof because of the slope of the lot or because it could be covered with snow.
Fha appraisal requirements mandate that a roof must keep moisture out and cannot have more than three roofing layers.
As with any other type of roof the appraiser is to look for signs that would indicate a possible roof problem.
How long does an fha appraisal take and how long is it good for.
Eligible borrowers may be able to receive a 30 day extension.
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.
For a federal housing administration fha loan to be approved the home must pass an fha inspection and appraisal.
The fha appraisal process typically takes the same amount of time as a conventional mortgage.
