VA Loan Appraisal

VA Loan Home Purchases will require a home appraisal

On the purchase of a new house, the VA will require an appraisal by a VA approved appraiser. This is ordered by the lender. The appraiser will issue a report called the Certificate of Reasonable Value (known as the CRV).

The CRV is based on an appraiser's estimate of the value of the property you wish to buy. The first step in getting a VA loan is for the lender to order an appraisal since you can never borrow more than the appraised value.

The VA appraisal estimates the value of the property. The VA appraisal is not a home inspection guarantee that the house is free of deficiencies or structural problems. It is suggested that each home buyer hire a reputable home inspector to examine the house you want to buy prior to purchase.