I am looking at buying a house.
Will a house pass appraisal if roof leaking.
Here is a variation on a commonly asked question about va loan appraisal rules.
All roofs contain of two parts the sheathing deck and the protective roofing surface that covers it.
Note that some roofing companies will inspect a roof for you and write a letter for a small fee stating their opinion of the remain life of a roof.
Any advice you can give would be appreciated.
The roof cannot have more than three layers of roofing.
My realtor said it may not be approved for a va loan because the roof already has two layers on it.
Check the roof for damage using a pair of binoculars to get an up close view.
Most appraisers look for roofs that have an obvious 5 years or more life left in them.
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.
If you have a lean to extension that the water from main roof on your house is discharged onto there is a significant chance of this roof leaking.
How to appraise a roof condition.
The department of veterans affairs has a list of minimum property requirements in place to help protect veterans from purchasing a financially draining new home.
Other deferred maintenance issues that may also get flagged.
That original 3 tab roof that s now 15 years old or so could be problematic.
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.
When you purchase a home using a va mortgage every eligible property has to pass the va appraisal and inspection process.
Cracked or missing window.
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.
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.
The tiles and underlay will be unable to cope with such large volumes of water over a prolonged period of time and will eventually cave under the pressure causing a leak.
During a roof appraisal both parts are inspected for.
All of the standards relate directly to the safety and sanitation of the property rather than to cosmetic.
An insurer may cover a leaky roof.
Roofs must have 3 years minimum remaining life to pass.
Measure the openings of windows that open into rooms where.
The trend is to require an older roof 15 to 20 years plus to have an inspection to get a renewal.
