Fha Roof And Siding Requirements

Fha single family housing policy handbook pages 15 16.

Fha roof and siding requirements.

Lenders may not deny funds or offer less favorable terms and conditions in lending on the basis of the borrower s race color religion sex national origin familial status i e the presence or number of. Fha rules include minimum property requirements for safety which address situations like these. As with the va loan an fha loan requires that the roof on a home not be leaking. Department of housing and urban development.

It s the appraiser s job to look over the home make sure it meets fha standards and assign it a fair market value. Call a professional to evaluate. There s no single answer to this question there were many products which contained asbestos before the government banned its use in 1989 under an epa rule. To be specific the following has been taken from the hud handbook 4000 1 regarding the fha rules for the roof.

Fha repair and inspection requirements for existing properties and revisions to fha appraisal protocol pages 2 3. Frequently asked questions fha resource center bulletin board accessed march 21 2020. The fair housing act prohibits discrimination in housing and related transactions including mortgages and home improvement loans. Is a property eligible for an fha loan if it has asbestos in it.

Serious issue possible fha concern this wood rot found just below the roof is caused from rain water or ice build up in the winter. Water heaters the water heater must meet local building. 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. 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.

Possible fha concern the brick on the side of this garage has had some serious movement. A roof that has the maximum number of layers and needs repairs must be entirely redone. Siding and paint have to be in good condition. 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.

One frequently asked question about the fha loan process is related to fha appraisals and the minimum requirements for the roof of the home. This of course is a judgment call that the appraiser is required to make. 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. It also requires that the roof be functional for at least two more years from the date of purchase.