The water cannot be accumulated on sloped roof especially with a higher pitch, and the possibility of leaking significantly lower in comparison with a flat roof. But it can be damaged by strong winds what is not an issue for a flat roof. There are different types of roofing materials for sloped roof.
- The mortgagor must have made at least six payments on the FHA- insured mortgage that is being refinanced, and. - At least six full months must have passed since the first payment due date of the refinanced mortgage, and. - At least 210 days have passed from the closing date of the mortgage being refinanced.
The FHA settlement instrument requires the borrower to establish bona fide occupancy within 60 days of signing. The borrower must intend to continually occupy the home for at least the majority of the first calendar year. The requirement applies to homes involved in a purchase or refinance transaction with FHA.