It is not required by the VA but is highly recommended.

An appraisal is required for all VA purchase loans.Ī VA home inspection is a more thorough inspection of home systems and aims to provide a detailed report on the condition of the home, listing any current or potential problems. The main goal of the VA appraisal is to assess the value of a home to ensure it meets the loan amount for a VA loan. Let’s take a look at how VA inspections are different from VA appraisals and then explore the appraisal requirements for a VA loan. The VA home inspection is optional and can determine a home’s existing or potential issues, while the VA appraisal is required and ensures that the property meets all of the Minimum Property Requirements (MPRs) established by the Department of Veterans Affairs. During this process, a VA-approved appraiser will assess the property’s value to determine how much a lender will finance.Ī VA appraisal should not be confused with a home inspection, as these are two different stages in the VA loan process. Once a seller has accepted your offer on a home, it’s time for the VA appraisal.

Va loan home appraisal checklist