VA Loan Inspection Requirements: A Guide

Should You Get A VA Loan Inspection?

Since a home inspection may not be required with a VA loan, some borrowers might opt out of getting one because they’ll have to pay for it. Although it might cost you money upfront, a home inspection provides detailed information on whether the seller needs to fix anything before closing.

If the inspection process brings something problematic to light, the necessary repair could cost thousands of dollars, but, hopefully, the seller will be willing to pay for it. If the borrower forgoes the inspection, they’ll have to deal with any problems once they move in or later on down the road.

Benefits Of A VA Home Loan Inspection

The peace of mind that comes with knowing you’re buying a house in good condition isn’t the only reason to purchase a home inspection with a VA loan.

An inspection also allows you to put a home inspection contingency clause in your real estate contract. This clause can give the seller a certain amount of time to fix any issues that the inspection might reveal. If the seller refuses to fix the problem, the buyer can walk away without losing any money.

A home inspection also gives the buyer some negotiating power they otherwise wouldn’t have. If you find an issue with the home, you can ask the seller to lower the sales price if they don’t pay to fix the issue.

However, arguably the main benefit of a VA loan inspection or any home inspection is that you discover the ins and outs of what could be your new home. You’ll learn everything you need to know about the property, its systems and anything you should be aware of.