VA Appraisal Requirements
We get many questions about VA appraisals. Some of the most common include specific queries about conditions such as peeling paint, houses equipped with fuse boxes, homes with septic tanks or well water systems, and many other topics.
VA appraisals are governed by a set of rules established by the Department of Veterans Affairs, but they are also guided by state and local building codes and other requirements, too.
The VA doesn’t publish or maintain the rules for each individual state, county, or township; instead it simply requires the appraiser to apply the state and local requirements as needed with the understanding that if a home’s condition is acceptable by local or state building codes or other laws, it is acceptable to the VA.
Except in cases where such conditions contradict VA requirements, naturally.
That said, the VA does have a few requirements based on by-state regulations specific to the VA appraisal system. For example, according to the VA official site, appraisers working in Alaska must be aware of the following:
“Property located in either a Red or Blue avalanche zone is not eligible to be the security for a VA-guaranteed loan.”
In Massachusetts, VA appraisers are informed, “Every Massachusetts property with an individual sewage disposal system requires evidence from the local health authority (or other source authorized by VA) that the system meets the Massachusetts Department of Environmental Protection (DEP) Title 5 standards.”
These specific requirements are listed for a variety of reasons, but apply to most or all of the VA home loans in such areas. For borrowers (and VA fee appraisers) who want to know what specific conditions the VA may have targeted in their housing market, a full list broken down by state is available at the VA official site. Not every state has such specific or unique requirements, but many do.
Do you have a question about VA home loans or refinancing? Ask us in our comments section.