Fha Roof Life Expectancy

Now that you are aware of the roof requirements of the fha mortgage loan it is best to conduct your own investigation of the home so that you can accurately deduce the state and remaining physical life of the roof prior to an fha appraiser investigation.

Fha roof life expectancy.

The average life of roofing. 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. Fha minimum property requirements in hud 4000 1.

Remaining economic life of the home. Water heaters the water heater must meet local building. Hot climates drastically reduce asphalt shingle life. 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.

To be specific the following has been taken from the hud handbook 4000 1 regarding the fha rules for the roof. Here learn which roofing lasts the longest. The roof should have a remaining physical life of at least two years. The appraiser must exercise sound judgment when evaluating roof condition.

Page 489 adds the following. Installed correctly a new roof will last at least 15 years but the exact lifespan depends on the material. There are instructions to the lender concerning issues such as encroachments overhead power lines safety and related issues. 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.

This of course is a judgment call that the appraiser is required to make. The life expectancy of your roof depends factors that include the roof design and the climate you live in as well as the quality of installation and long term care. The appraiser must visually examine the roof to determine whether deficiencies present a health and safety hazard or do not allow for reasonable future utility. But that s not all the fha also requires a minimum amount of durability.

Hud 4000 1 has a section with guidelines concerning the minimum property standards for homes to be purchased with an fha mortgage. A home inspection paid for by the borrower would include a closer look at the roof than what is required here by hud 4000 1. 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. Fha mortgage source is florida s leading fha loan resource.

4905 1 rev 1 2 12 life expectancy.