Fha Roof Requirements

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.

Fha roof requirements.

Section 607 1 l when cost effective. The appraiser notes any. Edition as referenced in the minimum property standards. One frequently asked question about the fha loan process is related to fha appraisals and the minimum requirements for the roof of the home.

A federal housing administration loan or fha loan has very similar requirements to the va loan. Less than 2. November 17 2019. Hud hoc reference guide roofs attics chapter 1 appraisal property requirements page 1 24.

Are either built up roofing bur or non conventional. Exceed requirements of the cabo model energy code 1983. As with the va loan an fha loan requires that the roof on a home not be leaking. It also requires that the roof be functional for at least two more years from the date of purchase.

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. 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. Any needed repairs to the roof must get completed by a roofer who is approved by the fha mortgage lender.

To be specific the following has been taken from the hud handbook 4000 1 regarding the fha rules for the roof. 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. Roofing single ply and others and where the slope is. Water heaters the water heater must meet local building.

Fha appraisals and roof requirements. The covering must prevent moisture from entering and provide reasonable future utility durability and economy of maintenance 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. This of course is a judgment call that the appraiser is required to make. It s the appraiser s job to look over the home make sure it meets fha standards and assign it a fair market value.

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.