Fha Roof Less Than 2 Years

The appraiser must report if the roof has less than two years of remaining life and make the appraisal subject to inspection by a professional roofer.

Fha roof less than 2 years.

The roof should have a remaining physical life of at least two years. If the roof has less than two years remaining life then the appraiser must call for re roofing or repair. The fha official site adds the roof should have a remaining physical life of at least two years. The appraiser must clearly state whether the subject is to be repaired or re roofed.

The roof must also provide reasonable future utility durability and economy of maintenance according to fha rules. According to the fha website they have clearly stated that the roof should be able to last for a minimum of two years. 4905 1 rev 1 2 12 life expectancy. If the roof has less than two years remaining life then the appraiser must call for re roofing or repair.

The roof should have a remaining physical life of at least two years. If the roof has less than two years remaining life then the appraiser must report this condition in the appraisal report. Fha home loans with less than two years of employment. A home inspection paid for by the borrower would include a closer look at the roof than what is required here by hud 4000 1.

This of course is a judgment call that the appraiser is required to make. When the appraiser struggles to view the roof the appraiser must explain why the roof is unobservable and report the results of the assessment of the underside of the roof the attic and the ceilings. If it is determined that the roof has a remaining life of less than two years then it would be the responsibility of the appraiser to call for repair or the construction of a new roof. 4905 1 rev 1 2 12 life expectancy.

If the roof has less than two years remaining life then the appraiser must report this condition in the appraisal report. But that s not all the fha also requires a minimum amount of durability. To be specific the following has been taken from the hud handbook 4000 1 regarding the fha rules for the roof. The appraiser must exercise sound judgment when evaluating roof condition.

The appraiser must report if the roof has significantly less than 2 years of remaining life and make the appraisal susceptible to inspection with a professional roofer. Depending on the nature of the loan and other factors. Page 489 adds the following. If the roof has less than two years remaining life then the appraiser must call for re roofing or repair.

The condition must clearly state whether the subject is to be repaired or re roofed. The roof should have a remaining physical life of at least two years. Are you looking for a home but don t have an extensive employment history. The appraiser must exercise sound judgment when evaluating roof condition.