Roof Inspector Requires New Roof Fha

Typically a mortgage lender requires an appraisal of the true value of the home to be purchased.

Roof inspector requires new roof fha.

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. Its maindated that this type of roof requires long nails. This is to make sure the home is worth the selling price. According to the fha website they have clearly stated that the roof should be able to last for a minimum of two years.

The certaineed roof requires a longer nail because of the thickness of the roof. If you re using a federal housing administration fha loan ask your lender if you can switch to the 203k program which rolls the cost of repairs into the mortgage. To be specific the following has been taken from the hud handbook 4000 1 regarding the fha rules for the roof. 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.

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. He confirmed that the roof was nailed with nails that were too short. For an fha loan the u s. We discovered extra shorter nails laying around that would have been too short to use on the roof so we hired a roofing inspector.

Using a pair of binoculars or standing on a ladder at roof level look at the overall appearance of your roof. Water heaters the water heater must meet local building. The appraiser must clearly state whether the subject is to be repaired or re roofed. This of course is a judgment call that the appraiser is required to make.

What is an fha inspection and appraisal. For these reasons homeowners sooner or later ask themselves do i need a new roof or how much does a new roof cost to appraise the quality of your roof follow this inspection checklist. But that s not all the fha also requires a minimum amount of durability.