Fha Appraisal Snow Covered 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.

Fha appraisal snow covered roof.

Visually inspect the subject property both inside and out. Examples are peeling paint or a questionable roof. Here s one of the most recent. 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.

Either way someone has to fix the issues or there will be no fha loan. 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. 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. 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. 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. 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. Can i get an fha loan on a house if it has 2 layers of shingles and the 2nd layer is less than 20.

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. At a minimum the appraiser must complete the following steps. Fha accepts a maximum of three layers of roofing and it must protect the attic and interior of the home from leaks. Fha loan appraisal questions.

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. Water heaters the water heater must meet local building. One of the big jobs for a fha appraiser is the roof. This of course is a judgment call that the appraiser is required to make.