As with any other type of roof the appraiser is to look for signs that would indicate a possible roof problem.
Fha hud appraisal flat roof.
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.
Overview of fha appraisal guidelines for 2020.
Fha repair and inspection requirements for existing properties and revisions to fha appraisal protocol pages 2 3.
The appraiser must note in the appraisal that he she could not adequately observe the entire roof area and state which area s were unobservable.
According to the 2020 fha appraisal guidelines all properties being purchased with an fha insured mortgage loan must be appraised by a licensed hud approved home appraiser.
The solution will allow electronic appraisal files to be uploaded to a central location processed and checked against an fha defined rule set.
Since we now know what an appraisal is not let s look closer at what the appraisal and the fha rule for the roof should tell us about its condition in order to make better informed decisions.
Appraisers are not required to walk over the roof but instead observe it from ground level as well as from.
Visually inspect the subject property both inside and out.
In order to pass the appraisal process the roof must also provide reasonable future utility durability and economy of maintenance according to the fha official site.
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.
Property valuation and appraisals 1.
For example if your search is for a list of all active appraisers in washington d c the important fields to fill would be the state and city fields.
Accessed march 20 2020.
Fha has procured an electronic appraisal delivery ead system which provides portal access to all hud approved lenders.
The appraiser must inspect the attic for evidence of possible roof problems.
The roofing must keep moisture out.
Fha no longer mandates automatic inspection of flat and or unobservable roofs.
Roofs and attics.
Replacement of flat roofs.
General information on property valuation and eligibility.
For starters the roof must do what it s designed to do fha and hud regulations say it must not leak or allow moisture to enter the home.
Appraisers welcome to fha s search for appraisers by location name or license.
The roofing must be expected to last for at least two more years.
