Profile picture for scgrebel

What are current bank lending rules regarding heating?

Can anyone tell me what current lending rules are regarding heat sources in the home?
We had our home inspected as part of the process leading to listing it, and the inspector told us we may need to put wall heaters in each bedroom for a buyer to qualify for a bank loan since our home does not have central heat/air.

However, we do have a floor furnace, a gas furnace and a wood stove (with fan) which was to code and inspected when installed and is rated for the size of the home. 

Thanks for any help you can give me!
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
December 07 2013 - US
We think we've answered this question for you!
  • Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.
 
 

Answers (2)

Dwellings that use wood-burning stoves or solar systems as a primary heat source must have     permanently installed conventional heating systems that can maintain a temperature of at least 50    degrees F. in areas containing plumbing systems.     These systems must be installed in accordance with     the manufacturer's recommendations.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
December 08 2013
Hi There!

Unlike air conditioning, heat is an absolute requirement for all types of financing except a rehab loan.

All bedrooms must have a heat source directly feeding to it.  FHA, VA, USDA, and Conventional will all have these as a condition.

I hope this helps! 
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
December 07 2013
 
Related Questions
Zillow Mortgage Education Center
  • Asked by AndreaSmolin
  • In Mortgage
  • June 07 2013
USDA Rural Loan
Profile picture for Hamp Yonce
Latest answer by Hamp Yonce
2 hours ago | 6 answers
Reverse Mortgage PURCHASE
Profile picture for Adam Hertz
Latest answer by Adam Hertz
2 hours ago | 8 answers
  • Asked by user784064
  • In Mortgage
  • March 23
Jumbo with 10% down
Profile picture for Dave  Skow
Latest answer by Dave Skow
2 hours ago | 13 answers
I'm trying to purchase a home, but I have a foreclosure 2 yrs. out. Is there any hope for me ?
Profile picture for Frank Gallagher
Latest answer by Frank Gallagher
2 hours ago | 7 answers
  • Asked by user3386722
  • In Mortgage
  • 1 day ago
Mortgage Rates
 
Be A Good Neighbor

Zillow Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy.