Fha Life Of Roof

This of course is a judgment call that the appraiser is required to make.

Fha life of roof.

If more than two layers of roofing exist and re roofing is required all of the old roofing must be removed as part of the re roofing. The appraiser must clearly state whether the subject is to be repaired or re roofed. 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. 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.

Water heaters the water heater must meet local building. Fha mortgage source is florida s leading fha loan resource. 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. To be specific the following has been taken from the hud handbook 4000 1 regarding the fha rules for the roof.

Here learn which roofing lasts the longest. If the roof has less than two years remaining life then the appraiser must call for re roofing or repair. The previous fha loan rulebooks including hud 4155 1 and hud 4155 2 have been superseded by hud 4000 1 so it seemed like a good idea to post the fha s current appraisal requirements for the roof since it s one of the most commonly asked about parts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. The placement of composition shingles over wood shake shingles is not acceptable.

Hud hoc reference guide roofs attics chapter 1 appraisal property requirements page 1 24. An fha appraiser is required to view the roof but does not. 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 roof should have a remaining physical life of at least two years.

But that s not all the fha also requires a minimum amount of durability. Installed correctly a new roof will last at least 15 years but the exact lifespan depends on the material. 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.