Mortgagees bear primary responsibility for determining eligibility.
Fha appraisal attic access.
Similar to conventional home loans fha loans feature fha appraisal requirements mandated by the hud.
If there is evidence of a deficient condition such as a water stained ceiling insufficient ventilation or smell of mold the appraiser must report this condition and render the appraisal subject to inspection and repairs if necessary.
4 requirements and eligibility standards for a federal housing administration fha insured 5 mortgage.
Inspection the attic must be examined whether access is by pull down stairway or scuttle.
If your home has no attic access and does not have a flat roof cut an.
He told us we needed to install an access from inside the home.
A graded roof is not inspected.
Visually inspect the subject property both inside and out.
The appraiser doing an fha appraisal told us that he cannot access the attic from the outside of the home only the inside and he can only use a maximum of a 4 ladder to access it.
In cases where access through a scuttle is limited and the appraiser cannot fully enter the attic the insertion of at least the head and shoulders of the appraiser will suffice.
Fha appraisers are required to observe the attic area.
If the appraiser cannot observe the entire attic a head and shoulders observation along with an explanation from the appraiser regarding why the entire attic could not be observed is sufficient.
At a minimum the appraiser must complete the following steps.
If you re trying to buy a house using an fha loan your fha lender will typically require an appraisal to validate the value of the home.
However the 6 appraiser is the on site representative for the mortgagee and provides preliminary verification 7 that the property acceptability criteria have been met.
Federal housing administration fha loans must meet safety security and soundness standards which includes areas like roofs electrical water heaters and property access among others.
Overview of fha appraisal guidelines for 2020.
In cases where access through a scuttle is limited and the appraiser cannot fully enter the crawl space the insertion of at least the head and shoulders of the appraiser will suffice no where does it state the appraiser in his professional dressed clothing must crawl through the attic or the crawl space.
At a minimum the appraiser must enter head and shoulders into the attic.
Fha requires that the appraiser observe the attic for evidence of needed repairs and non compliance with fha property eligibility requirements.
We cover those requirements and how they compare to conventional appraisals.
