Fha Appraisal Roof Requirements

If you re trying to buy a house using an fha loan your fha lender will typically require an appraisal to validate the value of the home.

Fha appraisal roof requirements.

The appraisal the lender receives is enough to show the property meets the fha requirements. The roofing must keep moisture out. According to the 2020 fha appraisal guidelines all properties being purchased with an fha insured mortgage loan must be appraised by a licensed hud approved home appraiser. Similar to conventional home loans fha loans feature fha appraisal requirements mandated by the hud.

November 17 2019. The appraisal does not check certain health and safety features such as operating ceiling fans or light fixtures. At a minimum the appraiser must complete the following steps. However an fha inspection is highly recommended.

The appraiser notes any. Fha appraisals and roof requirements. The roofing must be expected to last for at least two more years. The previous fha loan rulebooks including hud 4155 1 and hud 4155 2 have been superseded by hud 4000 1 so it seemed like a good idea to post the fha s current appraisal requirements for the roof since it s one of the most commonly asked about parts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.

For a federal housing administration fha loan to be approved the home must pass an fha inspection and appraisal. It s the appraiser s job to look over the home make sure it meets fha standards and assign it a fair market value. Overview of fha appraisal guidelines for 2020. One frequently asked question about the fha loan process is related to fha appraisals and the minimum requirements for the roof of the home.

We cover those requirements and how they compare to conventional appraisals. 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. 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 hoc reference guide roofs attics chapter 1 appraisal property requirements page 1 24.

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. The appraiser must inspect the attic for evidence of possible roof problems. Visually inspect the subject property both inside and out. This of course is a judgment call that the appraiser is required to make.