![]() ![]() Also, when they get the report, they check it thoroughly and compare it with their requirements. This can take a few days, as the VA loan lender might already have several applications to check. Once the appraiser prepares the report, your lender will review it. Since your lender uses it to make an underwriting decision, it should have detailed information about the comparable properties and valuation. It also needs to check every point of the VA appraisal checklist. This report is designed to ensure that your chosen home meets all the VA loan requirements. You can also find the appraised value of the house in the report. It might also include the improvement and repairs your home needs. This report will be brief and will include every aspect of the inspection and evaluation. Once the appraiser appraises your house and conducts all the property research, they will start preparing a report. VA Appraisal Report is Created and Uploaded Here are some steps that will require a few more days before you get a loan. Your lender and appraiser will take more time to evaluate the appraisal. It can vary by the type of property and lender you choose, but the process doesn’t end here. 10 days is the typical timeline for the appraiser. Since the VA home appraisal checklist is long, it requires around 10 days for completion. How Long Will it Take? The VA Appraisal Timeline Explained Then, your lender will decide whether they can give you a loan for the property or not. Also, they will create a report at the end of the assessment and provide it to your lender. They can assess the pipes, kitchen cabinet condition, basement conditions, and much more. The appraiser might look for things that are specified by your lender. You need a traditional backup system to reduce any risk of problems. Your heating systems also need to meet some standards.
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