Fha Roof Life Expectancy

Page 489 adds the following.

Fha roof life expectancy.

The roof should have a remaining physical life of at least two years. Here learn which roofing lasts the longest. The appraiser must clearly state whether the subject is to be repaired or re roofed. Hud 4000 1 has a section with guidelines concerning the minimum property standards for homes to be purchased with an fha mortgage.

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. Fha mortgage source is florida s leading fha loan resource. Fha minimum property requirements in hud 4000 1. The average life of roofing.

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. 4905 1 rev 1 2 12 life expectancy. Remaining economic life of the home. This of course is a judgment call that the appraiser is required to make.

Roofs in areas that experience severe weather such as hail tornadoes and or hurricanes may also experience a shorter than normal lifespan overall or may incur isolated. The roof should have a remaining physical life of at least two years. Hot climates drastically reduce asphalt shingle life. But that s not all the fha also requires a minimum amount of durability.

The appraiser must exercise sound judgment when evaluating roof condition. The life expectancy of your roof depends factors that include the roof design and the climate you live in as well as the quality of installation and long term care. If the roof has less than two years remaining life then the appraiser must call for re roofing or repair. Water heaters the water heater must meet local building.

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. 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. The life of a roof depends on local weather conditions building and design material quality and adequate maintenance. There are instructions to the lender concerning issues such as encroachments overhead power lines safety and related issues.

To be specific the following has been taken from the hud handbook 4000 1 regarding the fha rules for the roof.