What does a VA appraisal do?
After you have a signed purchase contract, the lender orders an appraisal from a VA-approved appraiser. The appraiser provides an opinion of value and checks whether the home appears to meet the VA’s minimum property requirements.
The appraisal supports the lending decision. It is not a promise that the home has no defects, and the buyer does not select the VA appraiser.
What does a home inspection do?
A home inspection is a separate, more detailed review that you arrange. An inspector may examine major systems and visible conditions so you can better understand the home before closing.
The inspection is for your education and protection. Your purchase contract and inspection period control what choices may be available if concerns are found, so discuss deadlines with your real estate agent.
Why buyers often choose both
The appraisal answers questions for the loan, while the inspection helps answer questions for you. One cannot replace the other.
For Northeast Florida homes, buyers may also consider specialized inspections based on the property, age and location. Your agent can help you decide which inspections fit the home.
Frequently asked questions
Can I skip the home inspection because there is a VA appraisal?+
You may have choices under your contract, but the VA appraisal is not a home inspection. Consider an independent inspection before deciding.
What if the appraisal identifies a repair?+
The lender, appraiser and parties to the contract will determine what must happen before the loan can close.
Who orders the VA appraisal?+
The lender requests it through the VA appraisal system after receiving the signed contract.