Fha Hud Appraisal Flat Roof

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.

Fha hud appraisal flat 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. Appraisers are not required to walk over the roof but instead observe it from ground level as well as from. Property valuation and appraisals 1. The appraiser must inspect the attic for evidence of possible roof problems.

Appraisers welcome to fha s search for appraisers by location name or license. The roofing must keep moisture out. At a minimum the appraiser must complete the following steps. Fha repair and inspection requirements for existing properties and revisions to fha appraisal protocol pages 2 3.

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. Visually inspect the subject property both inside and out. Replacement of flat roofs. General information on property valuation and eligibility.

Subscribe to receive fha info announcements and sf news about mortgagee letter issuances procedure updates and training events via email research a list of all previous fha info and sf news in the. As with any other type of roof the appraiser is to look for signs that would indicate a possible roof problem. Overview of fha appraisal guidelines for 2020. The roofing must be expected to last for at least two more years.

Roofs and attics. 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. Accessed march 20 2020. You can search to find specific types of appraisers by using the entry fields.

The appraiser must note in the appraisal that he she could not adequately observe the entire roof area and state which area s were unobservable. The solution will allow electronic appraisal files to be uploaded to a central location processed and checked against an fha defined rule set. Fha no longer mandates automatic inspection of flat and or unobservable roofs. Since we now know what an appraisal is not let s look closer at what the appraisal and the fha rule for the roof should tell us about its condition in order to make better informed decisions.