Fha Roof And Siding Requirements

One frequently asked question about the fha loan process is related to fha appraisals and the minimum requirements for the roof of the home.

Fha roof and siding requirements.

As with the va loan an fha loan requires that the roof on a home not be leaking. 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. Possible fha concern the brick on the side of this garage has had some serious movement. There s no single answer to this question there were many products which contained asbestos before the government banned its use in 1989 under an epa rule.

A federal housing administration loan or fha loan has very similar requirements to the va loan. Call a professional to evaluate. More specifically the model codes do not contain any minimum requirements for the durability of such items as doors windows gutters and downspouts painting and wall. The fha allows for a maximum of three layers of roofing.

Siding and paint have to be in good condition. Fha repair and inspection requirements for existing properties and revisions to fha appraisal protocol pages 2 3. 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 roof that has the maximum number of layers and needs repairs must be entirely redone.

Fha rules include minimum property requirements for safety which address situations like these. It also requires that the roof be functional for at least two more years from the date of purchase. Frequently asked questions fha resource center bulletin board accessed march 21 2020. Their is no repairs that can be done the brick should be removed and replaced.

Lenders may not deny funds or offer less favorable terms and conditions in lending on the basis of the borrower s race color religion sex national origin familial status i e the presence or number of. Fha single family housing policy handbook pages 15 16. To be specific the following has been taken from the hud handbook 4000 1 regarding the fha rules for the roof. 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.

Homes and projects financed by fha insured mortgages are the collateral for these loans and their lack of durability can increase fha s financial risk in the event of default. This of course is a judgment call that the appraiser is required to make. The fair housing act prohibits discrimination in housing and related transactions including mortgages and home improvement loans. Is a property eligible for an fha loan if it has asbestos in it.