The roof should have a remaining physical life of two years.
Fha roof layers.
This of course is a judgment call that the appraiser is required to make.
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.
For this purpose the appraiser is assigned with the responsibility of evaluating the home to ensure that it meets the standards as laid down by the fha and assigns it with the.
If it has that many layers certification is likely out of reach unless the whole roof is replaced.
If the roof has less than two years remaining life the appraiser must call for reroofing or repair.
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.
Under the roof section we find the following.
To be specific the following has been taken from the hud handbook 4000 1 regarding the fha rules for the roof.
A reader asks for an fha loan are there roof requirements on a detached garage or do the requirements solely apply to the roof over the home fha loan rules for property analysis can be found in hud 4150 2.
4905 1 rev 1 2 12 d.
Water heaters the water heater must meet local building.
Fha will accept a maximum of three layers of existing roofing.
If more than 2 layers exist and repair is necessary then all old roofing must be removed as part of the re roofing.
Fha loan reader questions.
It s the appraiser s job to look over the home make sure it meets fha standards and assign it a fair market value.
Among the most frequently asked questions that figure on most people s minds when it comes to borrowing an fha loan pertain to fha appraisals and the minimum qualifying criteria for the roof of the borrower s home.
If more than two layers exist and repair is necessary all of the old roofing must be removed as part of the reroofing.
Can i get an fha loan on a house if it has 2 layers of shingles and the 2nd layer is less than 20.
One frequently asked question about the fha loan process is related to fha appraisals and the minimum requirements for the roof of the home.
As with the va loan an fha loan requires that the roof on a home not be leaking.
Fha will accept a maximum of 3 layers of existing roofing.
A federal housing administration loan or fha loan has very similar requirements to the va loan.
Here s one of the most recent.
Fha loan appraisal questions.
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.
