VA Home Loan Inspection Requirements

Learn about the required inspections for a VA home loan.

VA home appraisal graphicIf you're a veteran planning to buy a home using your VA loan benefits, you're probably wondering what kind of inspection requirements there are.
The Department of Veterans Affairs (VA) does not require a home inspection for a VA home loan. However, the VA does require a property appraisal, and the appraiser will likely inspect the property for major problems.

Is a Home Inspection Required by the VA?

The short answer is no. VA loans do not require a home inspection. However, the Department of Veteran Affairs recommends that all borrowers get one anyway. A home inspection is a professional assessment of a home’s condition. It can identify potential problems that the borrower may not be aware of and give them negotiating power with the seller to get the repairs made before closing on the loan. 

The home inspector will check for things like structural soundness, electrical safety, and plumbing condition. Home inspectors also look for signs of pests or other damage.

Benefits of Home Inspections

A home inspection is important because it can help you avoid buying a home that has major problems. The inspector will look for things like structural issues, mold, pests, and other potential problems. If any major issues are found, you can negotiate with the seller to have them fixed before you close on the loan.

A home inspection can also give you peace of mind knowing that your new home is in good condition. Once you move in, you'll be able to relax and enjoy your new home without worrying about expensive repairs.

What Does a Home Inspector Look For?

Home inspection graphicThe Department of Veterans Affairs (VA) has strict standards for the homes it finances. These VA Minimum Property Requirements (MPRs) ensure that the home is safe and livable for the veteran and their family. The VA home loan inspection requirements are in place to make sure that the home meets these standards.

One of the most important things that the home inspector will look for is evidence of water damage. This can be in the form of mold, mildew, or water stains. If there is any evidence of water damage, the home will not pass inspection.

The home inspector will also check for structural issues. This includes making sure that the foundation is sound and that there are no cracks in the walls or ceilings. If there are any structural issues, the home must be repaired before the home can pass inspection.

The home inspector will also check for fire safety issues. This includes making sure that there are working smoke detectors and that all electrical outlets are covered. If there are any fire safety issues, they must be corrected before the home can pass inspection.

After the VA inspector has checked for all of these things, they will give the home a final score. If the home scores 80% or above,

Questions to Ask Your VA Home Loan Inspector

When you're buying a home, it's important to have a professional inspector conduct a thorough inspection to ensure the property is in good condition. If you're using a VA home loan, there are certain requirements that your inspector must meet. Here are some questions to ask your VA home loan inspector:

  • What is the scope of the inspection? The inspector should provide a written report that includes information on the condition of the property's major systems, such as the electrical, plumbing, heating, and cooling.
  • What are your qualifications? The inspector should be licensed (if required) and insured. They should also have experience inspecting homes in your area.
  • How long will the inspection take? A comprehensive inspection can take several hours. Make sure you have enough time set aside to complete the entire process.
  • What will the report include? The report should include photos and descriptions of any issues found during the inspection. It should also include the inspector's recommendations for repairs or improvements.

How Much Does a VA Home Inspection Cost?

If you're a veteran or active duty service member, you may be eligible for a VA home loan. But before you can close on your loan, the property must pass a VA home inspection. So how much does a VA home inspection cost?

Generally, buyers can expect to pay between $200 and $400 for a VA home inspection. The exact cost will depend on the size and location of the property, as well as the inspector's fees.

While the cost of a VA home inspection may seem like an additional expense, it's important to remember that this is an investment in your future. A thorough inspection can help identify any potential problems with the property that could end up costing you more money down the road.

So if you're planning on applying for a VA home loan, be sure to factor in the cost of a home inspection. It's worth it to have peace of mind knowing that your new home is in good condition.

VA Appraisal Report

When you're buying a home, the VA appraisal report is an important document. This report is used to determine the value of the home, and it's used to make sure the home meets the VA's minimum property standards. If the home doesn't meet the VA's standards, the seller may need to make some repairs or renovations before the buyer can get their loan.

The VA appraisal report is a detailed document that includes information about the condition of the home, the size of the property, and the estimated value of the home. The report also includes a list of any repairs that need to be done.

The VA appraisal report is an important part of the home buying process. It's important to make sure that the home meets the VA's minimum property standards, and it's also important to understand the report itself. If you have any questions about the VA appraisal report, be sure to ask your lender.


What are the Minimum Property Requirements (MPRs) for a VA Mortgage?

By putting your prospective property through the VA appraisal process, the Department of Veterans Affairs will check to see that it satisfies all of these prerequisites before agreeing to insure your loan.

If you're a veteran or service member looking to buy a home with a VA loan, you'll need to be aware of the VA's Minimum Property Requirements (MPRs). These requirements are in place to ensure that the home you're buying is safe and habitable. Here's what you need to know about the VA MPRs.

The first thing to know is that the MPRs are not an exhaustive list of all the repairs that need to be made to a home in order for it to qualify for a VA loan. Rather, they're a set of minimum standards that must be met. It's up to the buyer (and their home inspector) to identify any additional repairs that may need to be made.

The MPRs cover a range of topics, including the condition of the home's foundation, framing, and roofing; the condition of the home's windows, doors, and stairs; and the condition of the home's plumbing, electrical, and HVAC systems. In addition, the MPRs require that the home have adequate heating, ventilation, and air conditioning; that it be free of pests; and that it have running water and electricity.

Of course, meeting the MPRs is just the first step in qualifying for a VA loan. There are other requirements that must be met as well, including credit and income requirements. But if you're looking to buy a home with a VA loan, it's important to be aware of the MPRs and to make sure that the home you're interested in meets those standards.

Read more

Who Pays for the VA Appraisal?

The VA requires an appraisal of the property. The appraiser looks at the value of the property to make sure it's worth the price you're paying for it. The cost of the appraisal is typically paid by the home buyer. The appraisal cost varies based on the property location and the size of the home.

The Veteran's Administration requires an appraisal and is paid at application. If the seller is paying the veteran's closing costs, the upfront fee will be reimbursed at settlement.

You should budget for $500 for an appraisal.

What Is the Difference Between a Home Inspection and a VA Appraisal?

When you're buying a home, it's important to know the difference between a home inspection and a VA appraisal. A home inspection is done by a qualified home inspector and is an unbiased assessment of the condition of the property.

A home inspection is not required for a VA loan, but it's highly recommended. A home inspector will thoroughly examine the property and look for any potential issues. If there are any major concerns, the home inspector will let you know so that you can decide whether to buy the property.

A VA appraisal is required by the Department of Veterans Affairs in order to determine the value of the property for loan purposes. The VA appraiser will look at the property to make sure it meets VA guidelines for safety, habitability, and fair market value. If there are any problems with the property, the appraiser will report them to the VA lender.

The primary goal of MPRs is to ensure that the home buyer is obtaining a residence that is “safe, structurally sound, and hygienic.” These are the three pillars around which the MPR is built.

What Causes a House to Fail a VA Loan Home Inspection?

One of the most common reasons a house will fail a VA loan home inspection is because of the condition of the home's foundation. If the foundation is cracked or otherwise in poor condition, it will likely fail the inspection. Other common causes of failure include water damage, pest infestations, and structural issues.

If the home doesn’t meet the VA minimum property requirements, what happens?

If the home doesn’t meet the minimum property requirements for a VA loan, you or the seller may have to make some repairs or improvements before the loan can be approved. In some cases, the lender may require a 2nd appraisal to verify that the property has been updated to meet the VA minimum property requirements.

The simplest way to handle a situation in which the seller is unwilling to make renovations is to apply for a loan from the FHA 203k program that covers both the purchase and the improvements to the house.

Rotating question markFAQs About VA Home Loan Inspection Requirements

Q. Are well inspections required for VA loans?

A. You will first need to have the well inspected and tested by a qualified professional before the lender would agree to give you the loan. The water will be analyzed to see whether it contains any harmful impurities, such as chemicals, heavy metals, or other potential problems. If the inspector finds anything that raises concerns, they will assist you in determining whether the well can be treated.

Q. Are septic inspections required for VA loans?

A. You will be required to have the septic system examined if, instead of being connected to the city sewer, your home is on a septic system. It is important that the tank is in good condition, and that the leach field drains appropriately and is not compacted. In the event that there are any problems with the system, the inspector will explain what has to be done to rectify the situation and ensure that it is risk-free.

Q. Are pest inspections required for VA loans?

A. A VA loan termite inspection is something that is obligatory if you want to use a VA loan to fund the purchase of your new home. The standards for inspection change depending on both the state and the county in which you reside. The Department of Veterans Affairs uses the Termite Infestation Probability Map, which can be found on the Council of American Building Officials website, to identify which states and localities need to have termite inspections performed (CABO). This map illustrates the locations of typical termite infestations. Infestation levels of heavy or moderate will determine whether a zone has to be inspected.

It is important to keep in mind that the purchase of a house using this sort of financing could not need a pest inspection in certain states and counties.

Read more questions and answers about VA home loans.

Conclusion

In conclusion, the VA home loan inspection requirements are not as strict as some may think. As long as the home is in good condition and meets the minimum standards, it should be fine. There are a few things to keep in mind, but overall, the process is not too difficult.

SOURCE: Chapter 12 Minimum Property Requirement

Recommended Reading

  1. How to Get Your Certificate of Eligibility for a VA Loan
  2. How to Get Approved for a VA Loan with a Cosigner
  3. What is a Good Debt to Income Ratio for a VA Loan?