Fha Flat Roof Guidelines

Federal housing administration fha loans have requirements including minimum property standards which help protect lenders.

Fha flat roof guidelines. They occasionally even refused these offers because the fha required too many repairs before a loan could close. The existing roof system for acceptability as a. According to the fha website the roof should also be long lasting and durable so that it would provide utility in the future. Protecting roofing workers u s.

Department of labor occupational safety and health administration. Another thing to keep in mind is that the roof cannot have three layers of shingles or more. 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. 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.

Apart from the criteria mentioned above the fha also insists that the roof should be able to serve a certain time period. Federal housing administration fha loans must meet safety. That is some really helpful information on fha s requirements for appraisers as they relate to roofing. Down payment requirements fha loan requirements fha guidelines mortgage loan terms loan approval process credit requirements getting pre qualified principal and interest debt to income ratio finding a lender understanding credit scores.

Also the warranty shall include all flashings seaming for single ply and other non conventional roofs wood and metal work sealing access walks and other work to make a. Application of the roof system shall be by. This of course is a judgment call that the appraiser is required to make. The seller often ended up paying for them.

Substrate for the new roofing system. A federal housing administration loan or fha loan has very similar requirements to the va loan. Sellers were sometimes reluctant to accept offers from buyers who were obtaining federal housing administration loans prior to 2006. Requirements the reader should consult current administrative interpretations and decisions by the occupational safety and.

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. Cover photo courtesy of the national roofing contractors association. Also the cost of maintaining the roof should be economical.