Fha Snow Covered 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.

Fha snow covered roof.

Clearing of the snow cannot be completed due to extreme situations document the situation and complete snow removal as soon as possible. The borrower must be informed that the roof was snow covered at the time of the appraisal and that it is acceptable to the purchaser without any warranty or guarantees from hud fha. Fha underwriting guidelines table of contents 02 24 2020 2. If the roof has less than two years remaining life then the appraiser must call for re roofing or repair.

Federal housing administration fha loans must meet safety security and soundness standards which includes areas like roofs electrical water heaters and property access among others. When roof coverings are buried in snow they can t be inspected. In areas where the snow is not likely to lay for more than a few days a clear roof inspection is to be obtained prior to closing. 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.

The appraiser must clearly state whether the subject is to be repaired or re roofed. But that s not all the fha also requires a minimum amount of durability. 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. Excessive snow clearing or the plowing of a private road is necessary.

This of course is a judgment call that the appraiser is required to make. To be specific the following has been taken from the hud handbook 4000 1 regarding the fha rules for the roof. Among the most frequently asked questions that figure on most people s minds when it comes to borrowing an fha loan pertain to fha appraisals and the minimum qualifying criteria for the roof of the borrower s home. The roof should have a remaining physical life of at least two years.

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. How much of a discount do you offer when things are snow covered.