Fha Appraisal Roof Inspection

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.

Fha appraisal roof inspection.

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. That means it must be worth the purchase price and have such basics as electricity drinkable water adequate heat a stable roof fire exits and more. An fha appraisal is valid for 120 days. The fha requires that loans must close within 120 days of the appraisal and the original appraiser must return to the property within this timeframe to confirm that any necessary repairs have been made.

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 what if the appraiser can t see the roof. The fha appraisal process typically takes the same amount of time as a conventional mortgage. Fha no longer mandates automatic inspection of flat and or unobservable roofs. Fha suggests that buyers independently have an inspection done.

What does the appraiser look for. 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. There are some situations where it is not possible to see the roof because of the slope of the lot or because it could be covered with snow. Otherwise a new appraisal is required and the process starts all over again although a 30 day extension is possible under some circumstances.

The primary areas of inspection are the roof the foundation lot grade ventilation mechanical systems heating electricity and crawl spaces when present. 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. Fha appraisal requirements mandate that a roof must keep moisture out and cannot have more than three roofing layers. These are the minimum steps that must be performed during an fha home appraisal.

Here is the general. Eligible borrowers may be able to receive a 30 day extension. For a federal housing administration fha loan to be approved the home must pass an fha inspection and appraisal. So what does the fha appraiser look for during this process.

As with any other type of roof the appraiser is to look for signs that would indicate a possible roof problem. Additionally the attic must be inspected for roof problems another.