VA Appraisals and Common Repairs

By
Mortgage and Lending with Leader One Financial 164545
https://activerain.com/droplet/4F5q

VA Appraisals and Common Repairs

The VA loan option offers many veterans the option of securing a home loan with several benefits and advantages. Because this program is backed by the government, it requires a unique appraisal process. (FHA loans require this too.) To ensure the property meets VA loan requirements, an appraiser will be assigned to review the property. This is NOT the same as a home inspection since the appraiser is looking out for the best interests of the government since it's providing the loan backing. In order to look out for YOUR best interests, you're highly encouraged to hire an independent home inspector.

The VA Loan Appraisal Checklist

If you're a buyer OR seller and know that the home is being purchased through a VA loan, it's wise to start preparing for the VA loan appraisal. Appraisers will be looking for certain things in the home in order for the loan process to continue. They will visit the home and inspect it inside and out, looking for evidence of proper maintenance and safety precautions. Sellers taking initiative to make VA-required improvements, or buyers understanding what will be needed to keep the process going, can help prevent the VA loan from being held up.

The VA Loan Appraiser will be looking at all areas of the home. They will be looking at hundreds of items. For a detailed, complete checklist of what the VA appraiser will be looking for, please call me. Each home appraisal will be different depending on the location, age, size and floor plan of the home. Some of the main areas reviewed by a VA appraiser will include every structural element of the home, mechanical systems, roofing systems and repair, safety hazards and more.

If they don't see some of these important features required for a VA loan, they might become "any observed repairs required to be completed.” In order to continue processing the loan (and getting the home bought/sold), you will need to make some of these repairs. Some common repairs our VA loan applicants have had to make include:

  • add handrails for staircases with more than three steps
  • add decks to homes with back doors
  • fix leaking roofs
  • ensure windows open or close properly
  • fix termite damage or any other pest problem
  • foundation repairs
  • remove any lead paint (in homes older than 1978)

This is just a SMALL list of some of the common VA repairs. A VA appraiser will review your home and present you with a list of repairs that need completed.

The VA loan is a great option for veteran's wanting to buy a house. Luckily with us, you're not alone in the process. As VA loan specialists in the Kansas City area, we know what to expect and can walk you through the VA loan process ... and even the appraisal and required repairs ... each step of the way, feel free to call us (816)268-4025 with any questions you have and thanks for looking at VA Appraisals and Common Repairs with us!

Posted by

Darren Copeland | Home Loans | Lee's Summit MODarren Copeland, Vice President LeaderOne Financial

4967-B NE Goodview Circle, Lees Summit, MO 64064

(816) 268-4025

KC Loan Tips & Midwest VA Loans

 

KC Loan Tips FanpageKC Loan Tips YouTube Channel  Leader One Financial's Google+  KC Loan Tips Twitter   Darren Copeland Linkedin   

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Lending / Financial
Tags:
kansas city
kansas
repairs
veterans
military
home loan
appraisal
ks
repair
missouri
va loan
lees summit
va mortgage
mo
va home loan
va
mortgage
kc
common

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
797,159
Troy Erickson AZ Realtor (602) 295-6807
Good Company Real Estate www.ChandlerRealEstate.weebly.com - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Darren - It is important to know what type of loan will be used when purchasing a home. The lenders can have a lot to do with what is required of the home seller prior to closing.

Jun 11, 2015 04:25 AM #1
Rainmaker
677,780
Pat Champion
Coldwell Banker Camelot Realty - Mount Dora, FL
Call the "CHAMPION" for all your real estate needs

Great post you are right VA loans do require a little extra work a great lender will be able to guide you on the home buying process. Thanks for sharing I hope you have a great afternoon.

Jun 11, 2015 04:39 AM #2
Rainer
258,496
Darren Copeland
Leader One Financial - Lee's Summit, MO
Darren Copeland

We love the VA Loan, but sometimes people think they can breeze through the appraisal process without making some repairs to their homes!  We're always happy to share helpful info, thanks Pat & Troy!

Jun 11, 2015 11:35 PM #3
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainer
258,496

Darren Copeland

Darren Copeland
Get Started Today!
*
*
*
*
Spam prevention

Additional Information