Fha Roof And Siding Requirements

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

Fha roof and siding requirements.

Possible fha concern the brick on the side of this garage has had some serious movement. 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. Frequently asked questions fha resource center bulletin board accessed march 21 2020. To be specific the following has been taken from the hud handbook 4000 1 regarding the fha rules for the roof.

Serious issue possible fha concern this wood rot found just below the roof is caused from rain water or ice build up in the winter. A roof that has the maximum number of layers and needs repairs must be entirely redone. Is a property eligible for an fha loan if it has asbestos in it. 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.

A federal housing administration loan or fha loan has very similar requirements to the va loan. Their is no repairs that can be done the brick should be removed and replaced. 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. Lenders may not deny funds or offer less favorable terms and conditions in lending on the basis of the borrower s race color religion sex national origin familial status i e the presence or number of.

It s the appraiser s job to look over the home make sure it meets fha standards and assign it a fair market value. Department of housing and urban development. 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.

The fha allows for a maximum of three layers of roofing. As with the va loan an fha loan requires that the roof on a home not be leaking. Siding and paint have to be in good condition. The fair housing act prohibits discrimination in housing and related transactions including mortgages and home improvement loans.

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 repair and inspection requirements for existing properties and revisions to fha appraisal protocol pages 2 3. Call a professional to evaluate.