Here at National VA Loans we often get the question does the VA require a home inspection. As one of the VA loan requirements a VA home appraisal is required however a home inspection is not. Thant being said the VA appraisal has an inspection element involved that we will go over.
So what is the difference between a VA appraisal and a VA home inspection? Many people dread the VA appraisal, and as a result they have similar feelings about home inspections. But there is one important difference between a VA appraisal and a home inspection.
The VA appraisal is required by the VA so they know the property you are about to buy meets both fair market value and minimum property requirements. The key word being minimum. A home inspection benefits you even more. A professional, insured and licensed home inspector goes above and beyond the minimum required by the VA. They will point out any concerns before you close on the house so you know exactly what you’re getting when you purchase your new home. While a VA appraisal is required for lending purposes, a home inspection is entirely optional.