When Are VA Termite Inspections Required?

Mortgage and Lending with C2 Financial Corporation

When are VA Termite Inspections Required? 

A termite inspection is waived on a VA IRRRL (streamline) refinance. It is required on a purchase and a cashout refinance. If the property is a low-rise or high-rise condo its only required if the appraiser notices a potential issue. If there is active infestation by pests (Section I) it would require all items referenced on the termite report to be corrected. Items such as peeling paint and leaking pipes would be considered as (Section II) and that would be at the underwriter's discretion to condition for repair. If you have any further questions or concerns please contact me. 

Shawn Sidhu

Comments (3)

Trumps Elite
Keller Williams Realty Acadiana - Lafayette, LA
Realtors/Career Consultant

Great and very useful information that can certainly help alot of buyers. Thanks for sharing.

Apr 30, 2015 12:47 PM
Sophia Lin
Intero Real Estate Services - Sunnyvale, CA
Sunnyvale CA Real Estate Specialist

Hi Shawn, I knew it was required for purchase and cash out refi, but I didn't know it was waived on a streamline refi....very interesting, thanks for sharing!

Apr 30, 2015 12:55 PM
Shawn Sidhu
C2 Financial Corporation - San Jose, CA

Glad to help! You're welcome!

May 01, 2015 04:16 AM