Fha Requirements On A Roof

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.

Fha requirements on a roof.

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. For a federal housing administration fha loan to be approved the home must pass an fha inspection and appraisal. 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. The previous fha loan rulebooks including hud 4155 1 and hud 4155 2 have been superseded by hud 4000 1 so it seemed like a good idea to post the fha s current appraisal requirements for the roof since it s one of the most commonly asked about parts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.

Hud hoc reference guide roofs attics chapter 1 appraisal property requirements page 1 24. Fha appraisals and roof requirements. 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.

It s the appraiser s job to look over the home make sure it meets fha standards and assign it a fair market value. 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. It also requires that the roof be functional for at least two more years from the date of purchase. One frequently asked question about the fha loan process is related to fha appraisals and the minimum requirements for the roof of the home.

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

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 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. Fha mortgage source is florida s leading fha loan resource. As with the va loan an fha loan requires that the roof on a home not be leaking.