To be specific the following has been taken from the hud handbook 4000 1 regarding the fha rules for the roof.
Fha roof inspection form.
Page 489 adds the following.
Fha loans are government backed mortgage designed to help people with lower incomes or credit scores buy homes.
Hud s primary concern is the health and safety of the home buyer who will actually live in the house.
For a federal housing administration fha loan to be approved the home must pass an fha inspection and appraisal.
The primary areas of inspection are the roof the foundation lot grade ventilation mechanical systems heating electricity and crawl spaces when present.
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.
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.
Previous editions are obsolete page 5 of 8 form hud 52580 4 2015 ref handbook 7420 8 item 6.
As with the va loan an fha loan requires that the roof on a home not be leaking.
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.
We cover the requirements mandated by the federal housing administration fha for appraising properties.
This of course is a judgment call that the appraiser is required to make.
Exterior surfaces are all painted surfaces free of.
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.
Here are some of the key inspection areas required by hud.
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.
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.
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.
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.
