Fha Appraisal Snow Covered Roof

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 appraisal snow covered roof.

Can i get an fha loan on a house if it has 2 layers of shingles and the 2nd layer is less than 20. We get many questions about the fha home loan appraisal process including specific questions about certain conditions that may or may not affect the sale of a given home. Here s one of the most recent. Fha loan appraisal questions.

Examples are peeling paint or a questionable roof. One of the big jobs for a fha appraiser is the roof. In areas where the snow is not likely to lay for more than a few days a clear roof inspection is to be obtained prior to closing. 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.

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. Overview of fha appraisal guidelines for 2020. Either way someone has to fix the issues or there will be no fha loan. For starters the roof must do what it s designed to do fha and hud regulations say it must not leak or allow moisture to enter the home.

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. The borrower must be informed that the roof was snow covered at the time of the appraisal and that it is acceptable to the purchaser without any warranty or guarantees from hud fha. But sometimes the fha underwriter the one who verifies compliance with fha standards for the lender will notice something in the appraisal pictures and call for it to be fixed. To be specific the following has been taken from the hud handbook 4000 1 regarding the fha rules for the roof.

This of course is a judgment call that the appraiser is required to make. Fha accepts a maximum of three layers of roofing and it must protect the attic and interior of the home from leaks. Water heaters the water heater must meet local building. Visually inspect the subject property both inside and out.