Quick Summary A VA appraisal is valid for 6 months from the report’s effective date for existing homes and new construction. If you’re under contract in that window, it stays valid until closing or until the contract ends. It is…
Quick Summary: VA Minimum Property Requirements (MPRs) are the standards a home must meet to qualify for a VA loan. The VA appraiser checks that the home is safe, structurally sound, and sanitary. If something fails, it must be repaired…
Quick Summary: An appraisal and a home inspection are not the same thing. The appraisal tells the lender what the home is worth. The inspection tells you what condition it is in. Lenders require the appraisal, but the inspection is…
