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does fannie may require smoke alarms and co detectors on refinance and purchases?

by dperry966 from Los Angeles, California. May 27th 2016 Reply


William J Acres (William_Acres)
#1 ranked lender in Arizona - 8,055 contributions

Yes and No.. If you are purchasing a new (new construction) home and the building code for the state/county requires them, then the appraiser would make this notation in the appraisal, and if they are not installed a functioning, he would make his appraisal "Subject to" the installation and proper function of the detectors.. but this is the only scenario where they might require them.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347

May 27th 2016
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Linda Thompson (LoansbyLinda)
#827 ranked lender in California - 32 contributions

Yes they do. You will get conditioned to install them after appraisal is in.

May 27th 2016
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William J Acres (William_Acres)
#1 ranked lender in Arizona - 8,055 contributions

Just to clarify.. FNMA does NOT require smoke detectors or Co detectors, however if your STATE requires them, then in order to get conventional financing, the property must meet the uniform building codes for that state, and FNMA will require them in this scenario. So, they must be present and functioning at the time of appraisal inspection. Certain states do not require smoke & Co detectors, so for those states, it's not required by FNMA.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347

May 27th 2016
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Mike Cuervo (mike@loansbynorthstar.com)
#1306 ranked lender in California - 7 contributions

Yes

May 27th 2016
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Mike Cuervo (mike@loansbynorthstar.com)
#1306 ranked lender in California - 7 contributions

NOTE PER NEW LAWS YOU MUST HAVE A CO2 ALARM AND FIRE ALARMS outside the bedroom areas As of July 1, 2011, the Carbon Monoxide Poisoning Prevention Act (Senate Bill-SB 183) requires all single-family homes with an attached garage or a fossil fuel sourceto install carbon monoxide alarms within the home. Owners of multi-family leased orRental dwellings, such as apartment buildings, are required to comply with the law byJanuary 1, 2013.

May 27th 2016
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Brandon Brady (BrandonBrady)
#66 ranked lender in Utah - 14 contributions

FNMA does not require smoke/CO detectors. This is a state specific requirement and is usually brought to the lenders attention when noted in the appraisal. If your state requires them, then the appraiser will look for them and test them during his inspection. If they are missing or not working, your appraisal will be marked as "subject to" and detectors will have to be fixed or replaced for the appraiser to come back out & do the reinspection. Brandon Brady, Christian Roberts Mortgage

May 27th 2016
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Lorne Harvey (lorneharvey)
#81 ranked lender in Washington - 419 contributions

It is my understanding this is a State Specific Requirement, and most states require them. For example in Oregon, double strapped water heaters are not required in the county I normally work in. But generally speaking, you will have to have smoke/CO2 detectors installed per code, and probably a double strapped water heater (earthquake straps)

May 27th 2016
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