Welcome to Operation Home Buyer…your place for all things VA!
This week we are talking about getting a VA Appraisal.
Like any other loan program you are going to have an appraisal ordered on the property you want to purchase.
This means a VA appraisal is just like an appraisal on any other type of loan.
The appraisal is ordered by the lender and is used to determine whether or not the house is worth what you are paying for it. Like all other appraisals the appraiser will be looking for any issues with the condition of the home. They will focus on issues like the heating, plumbing, electrical and the roof to make sure they are all operational. They will also look for health a safety issues like lead based paint, insect and water issues to make sure that home is in good enough condition for you to live in.
In upcoming episodes we will talk about what happens on an appraisal that doesn’t meet the home value or when there are items that need to be fixed.
Want to find out more about using your VA Loan Benefit…reach out. I’d love to help answer any questions.
See you next week on Operation Home Buyer!