Fha Roof Requirements

One frequently asked question about the fha loan process is related to fha appraisals and the minimum requirements for the roof of the home.

Fha roof requirements.

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. 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. As with the va loan an fha loan requires that the roof on a home not be leaking. Less than 2.

Edition as referenced in the minimum property standards. November 17 2019. Water heaters the water heater must meet local building. 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.

Are either built up roofing bur or non conventional. This of course is a judgment call that the appraiser is required to make. Exceed requirements of the cabo model energy code 1983. Section 607 1 l when cost effective.

Hud hoc reference guide roofs attics chapter 1 appraisal property requirements page 1 24. It s the appraiser s job to look over the home make sure it meets fha standards and assign it a fair market value. 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. Any needed repairs to the roof must get completed by a roofer who is approved by the fha mortgage lender.

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. Roofing single ply and others and where the slope is. It also requires that the roof be functional for at least two more years from the date of purchase. 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.

A federal housing administration loan or fha loan has very similar requirements to the va loan. 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. The appraiser notes any. Up in the attic the property also must offer ready access to the attic.

Fha appraisals and roof requirements.