A Look at the VA Loan Appraisal Process
When VA lenders approve a VA loan application there are really two distinct approvals issued—one for the veteran and one for the property. Both must be separately approved during the loan process. A borrower with $100,000 in the bank, an 850 credit score and single digit debt ratios won’t get a VA loan unless the subject property is approved as well.
How do VA appraisals work and what do they look for?
Before we answer those questions, let’s first briefly explain that an appraisal and a property inspection are two separate items.
Continue reading http://ow.ly/B4wht
Retiree News 
Comments are closed.