Can i get an fha loan on a house if it has 2 layers of shingles and the 2nd layer is less than 20.
Fha roof layers.
To be specific the following has been taken from the hud handbook 4000 1 regarding the fha rules for the roof.
A person determined to be qualified by the lender should make a certification as to the condition of the roof and the.
It s the appraiser s job to look over the home make sure it meets fha standards and assign it a fair market value.
A federal housing administration loan or fha loan has very similar requirements to the va loan.
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 will accept a maximum of 3 layers of existing roofing.
If the roof has less than two years remaining life the appraiser must call for reroofing or repair.
Under the roof section we find the following.
If more than 2 layers exist and repair is necessary then all old roofing must be removed as part of the re roofing.
This of course is a judgment call that the appraiser is required to make.
A reader asks for an fha loan are there roof requirements on a detached garage or do the requirements solely apply to the roof over the home fha loan rules for property analysis can be found in hud 4150 2.
If more than two layers exist and repair is necessary all of the old roofing must be removed as part of the reroofing.
As with the va loan an fha loan requires that the roof on a home not be leaking.
Water heaters the water heater must meet local building.
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.
If it has that many layers certification is likely out of reach unless the whole roof is replaced.
One frequently asked question about the fha loan process is related to fha appraisals and the minimum requirements for the roof of the home.
Here s one of the most recent.
4905 1 rev 1 2 12 d.
The roof should have a remaining physical life of two years.
For this purpose the appraiser is assigned with the responsibility of evaluating the home to ensure that it meets the standards as laid down by the fha and assigns it with the.
Fha loan appraisal questions.
Fha loan reader questions.
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.
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.
