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What are the roof requirements for FHA home loan financing?

Answer

The covering must prevent moisture from entering and provide reasonable future utility, durability and economy of maintenance. The roof should have a remaining physical life of at least two years. If the roof has less than two years remaining life, then the appraiser must call for re-roofing or repair. The appraiser must clearly state whether the subject is to be repaired or re-roofed.

Handbook 4905.1, Section 2-12
Mortgagee Letter 05-48'
 

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