Fha Life Of Roof

For a federal housing administration fha loan to be approved the home must pass an fha inspection and appraisal.

Fha life of roof.

If the roof has less than two years remaining life then the appraiser must call for re roofing or repair. Fha mortgage source is florida s leading fha loan resource. 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. The previous fha loan rulebooks including hud 4155 1 and hud 4155 2 have been superseded by hud 4000 1 so it seemed like a good idea to post the fha s current appraisal requirements for the roof since it s one of the most commonly asked about parts of the home with respect to the fha appraisal process.

But that s not all the fha also requires a minimum amount of durability. That means it must be worth the purchase price and have such basics as electricity drinkable water adequate heat a stable roof fire exits and more. Installed correctly a new roof will last at least 15 years but the exact lifespan depends on the material. 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.

This of course is a judgment call that the appraiser is required to make. 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. 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 appraiser must clearly state whether the subject is to be repaired or re roofed.

If more than two layers of roofing exist and re roofing is required all of the old roofing must be removed as part of the re roofing. Fha will accept a maximum of 3 layers of roofing material. Hud 4000 1 says the appraiser must notify the mortgagee of the deficiency if the roof covering does not prevent entrance of moisture or provide reasonable future utility durability and economy of maintenance and does not have a remaining physical life of at least two years. The placement of composition shingles over wood shake shingles is not acceptable.

Water heaters the water heater must meet local building. To be specific the following has been taken from the hud handbook 4000 1 regarding the fha rules for the roof. The roof should have a remaining physical life of at least two years.