Minimum Roof Life Fha

This is pretty vague on life of the roof.

Minimum roof life fha. If it is determined that the roof has a remaining life of less than two years then it would be the responsibility of the appraiser to call for repair or the construction of a new roof. The roof should have a remaining physical life of at least two years. The appraiser must exercise sound judgment when evaluating roof condition. Federal housing administration fha loans must meet safety.

Visually inspect the subject property both inside and out. 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. When there are no repairs needed they are generally asked to estimate the remaining lifespan of the roof. If the roof has less than two years remaining life then the appraiser must call for re roofing or repair.

At a minimum the appraiser must complete the following steps. To be specific the following has been taken from the hud handbook 4000 1 regarding the fha rules for the roof. Federal housing administration fha loans have requirements including minimum property standards which help protect lenders. The roof should have a remaining physical life of at least two years.

The appraiser must clearly state whether the subject is to be repaired or re roofed. According to the fha website they have clearly stated that the roof should be able to last for a minimum of two years. But that s not all the fha also requires a minimum amount of durability. All i cound find from va is prevent entrance of moisture and provide reasonable future utility durability and economy of maintenance.

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. For a va loan the lender wants to see that it should last a minimum of two years. Home inspectors estimate is less than 4 years of life left on the current roof. If the roof has less than two years remaining life then the appraiser must report this condition in the appraisal report.

These experts look at the condition of the roof including any movement the soundness of the flashing and even the gutters and downspouts. Va loans help 5 months ago.