What Does a VA Appraiser Look For?
We've examined the basics on VA minimum property requirements many times on this blog. When a VA appraiser reviews a home to see if it meets VA MPRs,...
VA appraisals
VA Loans: Enlistment Verification
Whether a service member is close to their re-enlistment date can have an impact of the process of a VA loan. For military members applying for VA loans...
Do Homes Purchased With a VA Loan Have Warranties?
Warranties are everywhere. You can take advantage of a manufacturer's warranty on your cell phone, your computer or even your car when buying them brand new. Some products like...
VA Loans: What Happens If the Borrower Dies?
A reader asks, "What happens to a VA loan when the veteran dies and the spouse is not on the loan?" The Department of Veterans Affairs official site...
VA Loans: What is the Notice of Value?
When a veteran or active duty servicemember wants to pre-qualify for a VA home loan, they fill out the application paperwork with a lender and start looking for...
VA Appraisals: How Long Until a Notice of Value Expires?
VA rules state that any property to be purchased with a VA loan must have a notice of value assigned after being reviewed by a VA-assigned appraiser. The...
VA Appraisals and Reconsideration of Value
When a VA loan applicant wants to buy a home, gets a contract sales price and a VA assigned fee appraiser looks at the property, the results may...
VA Loans: Property Tax and Insurance Requirements
When buying a home with a VA-insured loan, borrowers learn that the Department of Veterans Affairs has a set of requirements which include "sufficient hazard insurance" and payment...
VA Rules on Minimum Property Requirements
In the past, we have discussed situations where the Department of Veterans Affairs might waive its minimum property requirements. But some requirements cannot be waived because they directly affect...
VA Appraisals: Roofs, Basements and Crawlspaces
When it comes to a VA appraiser’s job, moisture is an important factor in rating or evaluating the property. Part of the process for VA appraisals is to...