Fha Snow Covered Roof

The appraiser must clearly state whether the subject is to be repaired or re roofed.

Fha snow covered roof.

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. 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. It s a lot more work for us to inspect houses when there s a lot of snow on the ground but it s ok. But that s not all the fha also requires a minimum amount of durability.

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. 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. 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. If the roof has less than two years remaining life then the appraiser must call for re roofing or repair.

This of course is a judgment call that the appraiser is required to make. The roof should have a remaining physical life of at least two years. Fha underwriting guidelines table of contents 02 24 2020 2. When roof coverings are buried in snow they can t be inspected.

How much of a discount do you offer when things are snow covered. We don t charge any more for the inspection when we have to trudge through the snow. 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. To be specific the following has been taken from the hud handbook 4000 1 regarding the fha rules for the roof.

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. Clearing of the snow cannot be completed due to extreme situations document the situation and complete snow removal as soon as possible.