Fha Roof Life Expectancy

To be specific the following has been taken from the hud handbook 4000 1 regarding the fha rules for the roof.

Fha roof life expectancy.

A home inspection paid for by the borrower would include a closer look at the roof than what is required here by hud 4000 1. But that s not all the fha also requires a minimum amount of durability. 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. The average life of roofing.

Page 489 adds the following. If the roof has less than two years remaining life then the appraiser must call for re roofing or repair. The appraiser must report if the roof has less than two years of remaining life and make the appraisal subject to inspection by a professional roofer. 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.

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. Hud 4000 1 has a section with guidelines concerning the minimum property standards for homes to be purchased with an fha mortgage. The life expectancy of your roof depends factors that include the roof design and the climate you live in as well as the quality of installation and long term care. The roof should have a remaining physical life of at least two years.

Remaining economic life of the home. There are instructions to the lender concerning issues such as encroachments overhead power lines safety and related issues. Installed correctly a new roof will last at least 15 years but the exact lifespan depends on the material. Fha mortgage source is florida s leading fha loan resource.

The life of a roof depends on local weather conditions building and design material quality and adequate maintenance. Hot climates drastically reduce asphalt shingle life. Roofs in areas that experience severe weather such as hail tornadoes and or hurricanes may also experience a shorter than normal lifespan overall or may incur isolated. Fha minimum property requirements in hud 4000 1.

The appraiser must exercise sound judgment when evaluating roof condition. The roof should have a remaining physical life of at least two years. This of course is a judgment call that the appraiser is required to make. Water heaters the water heater must meet local building.

4905 1 rev 1 2 12 life expectancy.