The borrower must take it upon themselves to have a home inspector look over the roof and other critical areas of the property there may be issues not immediately noticeable that an inspection would catch that do not appear on the fha appraisal report.
Fha roof inspection form.
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.
Exterior surfaces are all painted surfaces free of.
Hud s primary concern is the health and safety of the home buyer who will actually live in the house.
We cover the requirements mandated by the federal housing administration fha for appraising properties.
For a federal housing administration fha loan to be approved the home must pass an fha inspection and appraisal.
This sample roof inspection form includes the minimum data needed for underwriting to properly evaluate a property application.
It also requires that the roof be functional for at least two more years from the date of purchase.
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.
While this specific form is not required any other inspection report submitted for consideration must include at least this level of detail to be acceptable.
Here are some of the key inspection areas required by hud.
The primary areas of inspection are the roof the foundation lot grade ventilation mechanical systems heating electricity and crawl spaces when present.
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.
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.
Page 489 adds the following.
6 1 condition of foundation 6 2 condition of stairs rails and porches 6 3 condition of roof gutters 6 4 condition of exterior surfaces 6 5 condition of chimney 6 6 lead paint.
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.
A federal housing administration loan or fha loan has very similar requirements to the va loan.
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.
That means it must be worth the purchase price and have such basics as electricity drinkable water adequate heat a stable roof fire exits and more.
