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.

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. 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. One of the big jobs for a fha appraiser is the roof. We get many questions about the fha home loan appraisal process including specific questions about certain conditions that may or may not affect the sale of a given home.

Examples are peeling paint or a questionable roof. This of course is a judgment call that the appraiser is required to make. To be specific the following has been taken from the hud handbook 4000 1 regarding the fha rules for the roof. At a minimum the appraiser must complete the following steps.

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. 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. Fha accepts a maximum of three layers of roofing and it must protect the attic and interior of the home from leaks. Water heaters the water heater must meet local building.

Either way someone has to fix the issues or there will be no fha loan. 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. 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. Overview of fha appraisal guidelines for 2020.

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. 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. 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. 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.