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.
Fha roof life expectancy.
Hot climates drastically reduce asphalt shingle life.
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 roof should have a remaining physical life of at least two years.
To be specific the following has been taken from the hud handbook 4000 1 regarding the fha rules for the 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.
Installed correctly a new roof will last at least 15 years but the exact lifespan depends on the material.
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.
Hud 4000 1 has a section with guidelines concerning the minimum property standards for homes to be purchased with an fha mortgage.
The roof should have a remaining physical life of at least two years.
The average life of roofing.
There are instructions to the lender concerning issues such as encroachments overhead power lines safety and related issues.
Page 489 adds the following.
4905 1 rev 1 2 12 life expectancy.
Fha minimum property requirements in hud 4000 1.
The appraiser must exercise sound judgment when evaluating roof condition.
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.
If the roof has less than two years remaining life then the appraiser must call for re roofing or repair.
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.
Here learn which roofing lasts the longest.
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.
But that s not all the fha also requires a minimum amount of durability.
The appraiser must clearly state whether the subject is to be repaired or re roofed.
The life of a roof depends on local weather conditions building and design material quality and adequate maintenance.
Water heaters the water heater must meet local building.
This of course is a judgment call that the appraiser is required to make.
