Will A House Pass Appraisal If Roof Leaking

If that house has peeling paint that s often a red flag for the fha any evidence of roof leaks.

Will a house pass appraisal if roof leaking.

A reader asks my daughter bought home with fha approved loan fha appraisal did not said roof is in bad condition. Most mortgage companies will not loan on a house with a leaking roof. Fha appraisals and leaking roof issues. After 4 months roof is leaking in 4 spots.

Just remember that a small leak will not go away it will only get worse. Maybe you had a leak in the roof once upon a time and you had it fixed and it didn. If your roof is fewer than 15 years old it can probably be spot repaired instead of requiring a total replacement. How to appraise a roof condition.

While most homes can pass an fha appraisal after only major repairs its best to complete all. If the roof appears to be in poor condition in the appraisal pictures then often lenders will ask for a certification from a roof inspector estimating the remaining life of the roof. Roof leaks are typically just signs of a much larger problem. Both danger and the probability of structural erosion increase if unaddressed.

Many banks want to know that a roof has at least three years of good working life left in it. Make minor surface repairs next such as small plumbing matters carpet replacement or broken windows. Roof problems are another red flag for appraisers. For starters the roof must do what it s designed to do fha and hud regulations say it must not leak or allow moisture to enter the home.

Broken window panes leaking water lines missing handrails broken heating systems or noticeable electrical problems. During a roof appraisal both parts are inspected for. This is because they want their collateral to be in good. The roof cannot have more than three layers of roofing.

When the house is appraised the appraiser will require a new roof. 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. In order to pass the appraisal process the roof must also provide reasonable future utility durability and economy of maintenance according to the fha official site. Other deferred maintenance issues that may also get flagged.

She called roofing company to see what s going on and they said roof should be replaced but with fha regulations roof should last at least 2 years.