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While VA loans don't require a home inspection, they always require a VA home appraisal. This special appraisal is not as in-depth as an inspection, but it will give you a good idea if the home is suitable for VA financing, which again means that it is safe, sound and sanitary.
Does VA require a final inspection on new construction?
a final (third stage) inspection is required, only if local building authority inspections are acceptable in lieu of VA first and second stage inspections.
Does VA require a 1004D?
VA may require appraisers to complete a 1004D appraisal update within one year of completing an Exterior-Only or Desktop appraisal under the same fee payment.
How long is a VA appraisal good for on new construction?
Expiration Date: (six months from date of appraisal).
What is a final inspection on a VA loan?
The inspector will examine the home's plumbing system, the electrical, the roof and foundation, heating and cooling, etc. He or she will make a detailed list of findings and review them with you, after the inspection. This process will help you, the buyer, identify any issues you might not be comfortable with.
Related Searches
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People also ask
Does VA require a 10 year warranty on new construction?
VA requires the builder of a \u201cnew construction\u201d property to provide the veteran purchaser with a 1-year VA builder warranty and/or a 10-year insurance backed protection plan.
Can you waive inspections with a VA loan?
Department of Veterans Affairs (VA) loans don't require a home inspection. They are optional but often highly recommended by the lender.
What is a final inspection on a VA loan?
The inspector will examine the home's plumbing system, the electrical, the roof and foundation, heating and cooling, etc. He or she will make a detailed list of findings and review them with you, after the inspection. This process will help you, the buyer, identify any issues you might not be comfortable with.
Related links
Pamphlet 26-7,Chapter 14 Construction Inspections
Final Inspection. Generally, this coincides with the third inspection stage and requires the Compliance Inspection Report, VA Form 26-1839 to. include two ...
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