Fha Appraisal Snow Covered Roof

Can i get an fha loan on a house if it has 2 layers of shingles and the 2nd layer is less than 20.

Fha appraisal snow covered roof.

To be specific the following has been taken from the hud handbook 4000 1 regarding the fha rules for the roof. 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. In areas where the snow is not likely to lay for more than a few days a clear roof inspection is to be obtained prior to closing.

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. But sometimes the fha underwriter the one who verifies compliance with fha standards for the lender will notice something in the appraisal pictures and call for it to be fixed. Here s one of the most recent. Fha accepts a maximum of three layers of roofing and it must protect the attic and interior of the home from leaks.

This of course is a judgment call that the appraiser is required to make. Either way someone has to fix the issues or there will be no fha loan. Water heaters the water heater must meet local building. 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.

Visually inspect the subject property both inside and out. At a minimum the appraiser must complete the following steps. 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. The borrower must be informed that the roof was snow covered at the time of the appraisal and that it is acceptable to the purchaser without any warranty or guarantees from hud fha.

Examples are peeling paint or a questionable roof. 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. One of the big jobs for a fha appraiser is the roof. 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.