While spray foam insulation offers a host of energy-saving benefits, it can pose mortgage hurdles for homeowners. Potential structural risks, difficulty in property valuations, and problems with future resale can prompt some mortgage lenders to be wary of lending money for homes that feature the insulation. Understanding the issues can help a homeowner navigate these hurdles. URL https://www.georgiainsulation.com/
Spray Foam and Insurance Considerations
Mortgage lenders will need to conduct an appraisal of a home before lending money for it. They look for a variety of factors that could affect a home’s value negatively, including things like improper installation and moisture damage. If a home has spray foam in the roof, these issues can be difficult to identify. Moisture trapped behind or within the spray foam can rot wood and corrode metals, which can lead to structural damage in a home. This can be difficult for an appraiser to detect and may cause a lender to decline the mortgage application.
Spray foam can also release harmful chemicals when it is installed incorrectly. These chemicals can contaminate the indoor air and cause health issues, such as eye, lung, and skin irritation. In addition, if the spray foam isn’t properly ventilated, it can create a fire risk in the roof space.
Mortgage lenders are aware of the potential issues that can arise from spray foam in a roof, but they can be mitigated with proper installation and documentation. This includes certification from the installer and warranty information. Lenders can also request additional inspections from a professional that can confirm that the spray foam has been installed correctly and is safe to use in a home.
Georgia Insulation
2092 Crow Rd, Gainesville, GA 30501
(770)758-4459
