WebWood Stoves and Solar Systems: Dwellings with wood burning stoves or solar systems as a primary heat source must have permanently installed conventional heating systems that can maintain at least 50 degrees Fahrenheit in all living areas and those containing plumbing systems. WebApr 5, 2024 · Property Requirements. The mortgaged premises must be suitable for year-round use. Note: Certain aspects of the location of a property will require special …
Can a sunroom be included in the gross living area of a home?
WebDepartment of Public Works, Los Angeles County WebMar 22, 2024 · There are also requirements for temperature, so if a wall heater, central system, or baseboard system can meet those requirements, then you’re all good. ... Freddie and FNMA do not have any specific guides in reference to a properties’ heat source. The main guide FNMA references in their selling guide is B2-3-01 General … iphone 5s citibank credit card offer
What is an acceptable form of heating and cooling for FHA …
WebAug 24, 2024 · “Automatically heat the living areas of the house to a minimum of 50 degrees Fahrenheit in all GLAs, as well as in non-GLAs containing building or system components subject to failure or damage due to freezing;” “Provide healthful and comfortable heat or is not safe to operate;” WebApr 5, 2024 · Highest and Best Use. Fannie Mae will only purchase or securitize a mortgage that represents the highest and best use of the site as improved. If the current improvements clearly do not represent the highest and best use of the site as an improved site, it must be indicated on the appraisal report. WebApr 5, 2024 · Fannie Mae also requires the lender to disclose such information to the borrower, and to comply with any state or local environmental laws regarding disclosure. The lender must make the final decision about the need for inspections and the adequacy of the property as security for the mortgage. iphone 5s cdma unlocked