VA Loan Termite Inspection: Everything You Need to Know

When applying for a VA loan, one important step in the homebuying process is the termite inspection.

Department of VA wants to ensure that the homes financed through their VA loan program are free from such risks.

In this blog post, we will guide you through the VA loan termite inspection process, explaining its importance and the steps involved.

How does VA Loan Termite Inspection Work?

When obtaining a VA loan, which is a type of mortgage guaranteed by the Department of VA, a termite inspection may be required. The purpose of the inspection is to assess the property for any signs of termite infestation or damage.

Typically, the VA loan termite inspection process involves a licensed pest control professional conducting a thorough examination of the property. The inspector will look for visible evidence of termites, such as mud tubes, wings, or wood damage. They will inspect both the interior and exterior of the property, including basements, crawl spaces, attics, and the foundation.

The inspection report will document any findings related to termite activity or damage. If evidence of an active termite infestation or substantial damage is found, appropriate treatment and repairs may be required before the loan can proceed. In such cases, the cost of treatment and repairs will generally need to be resolved before closing on the loan.

It’s important to note that while VA loans typically require a termite inspection, the responsibility for paying for the inspection may vary. In some cases, the buyer may cover the cost, while in others, it may be negotiated between the buyer and seller.

In summary, the VA loan termite inspection aims to identify and address any termite-related issues in a property. This helps ensure that the home is safe and structurally sound for the buyer and minimizing the risk of termite-related problems in the future.

Who Pays for Termite Inspection Cost?

The responsibility for paying for a termite inspection can vary depending on the specific circumstances and negotiations between the buyer and seller. In some cases, the buyer may choose to cover the cost of termite inspection as part of their due diligence in assessing the property’s condition. This allows them to have an independent evaluation of the property’s termite status.

Alternatively, the seller may agree to pay for the termite inspection costs as part of their obligations to provide a structurally sound and pest-free property. This can be negotiated during the home buying process and included in the purchase agreement or contract.

It’s important to note that while the VA loan program generally requires a termite inspection, who pays for it may not be specifically dictated by the program. The decision ultimately depends on the arrangements made between the buyer and seller.

To determine who will pay for the termite inspection, it is recommended that both parties discuss and negotiate this aspect as part of their overall agreement. It’s advisable to consult with a real estate agent or attorney who can provide guidance on the specific terms and conditions of the transaction.

What are the Requirements for VA loan Termite Inspection?

The requirements for a VA loan termite inspection can vary depending on the lender and the specific guidelines set forth by the Department of VA.

However, there are some common requirements that are typically followed:

• Pest Inspection Clause: The purchase agreement should include a clause stating that the property will undergo a termite inspection as a condition of the VA loan approval.
• Licensed Pest Control Professional: The termite inspection must be conducted by a licensed pest control professional or a qualified individual authorized. They should perform such inspections according to state regulations.
• Completion of VA Form 26-8923: The pest control professional must complete VA Form 26-8923, which is the official document used to report the results of the termite inspection. This form includes information about any termite activity or damage found during the inspection.
• Visible and Accessible Areas: The inspector should have access to all areas of the property, including basements, crawl spaces, attics, and the foundation. These areas should be visible and free from obstructions to allow a thorough inspection.
• Termite Activity and Damage: The inspection report should indicate the presence or absence of termite activity, as well as any visible damage caused by termites. If evidence of an active infestation or significant damage is found, appropriate treatment and repairs may be required.
• Timeframe: The termite inspection is typically conducted within a specified timeframe before the loan closing. This timeframe can vary depending on the lender’s requirements. It is generally done close to the closing date to ensure the most up-to-date assessment of the property’s condition.

It’s important to note that specific requirements may differ between lenders, so it’s advisable to consult with the lender or loan officer to understand their specific guidelines regarding VA loan termite inspections. Additionally, state and local regulations may also influence the requirements for termite inspections.

Conclusion

The VA loan termite inspection process is an essential step in protecting veterans from the financial burden and structural risks associated with termite damage.

By following the guidelines outlined in this blog post, homebuyers can navigate the inspection process smoothly and ensure a safe and secure investment.

Frequently Asked Questions

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