Did you know that with a VA home loan, the seller is required to pay for the termite inspection?

VA home loans can work a little differently than other home loan types, one aspect being the termite inspection. Here are a few requirements that will be helpful to all parties involved:

– The seller is required to pay for the termite inspection (in most cases)
– The inspection cannot be paid in cash and proof of payment must be submitted
– The inspection needs to be signed by both the buyer and the seller
– Some states do not require an inspection at all, and some states have certain counties that are exempt

 

 

 

Take a look at the list below for state specific requirements –

A termite inspection is required and the seller must pay for it in the following states:

Alabama
Arkansas
Arizona
California
Connecticut
Delaware
Florida
Georgia
Hawaii
Iowa
Illinois
Indiana
Kansas
Kentucky
Louisiana
Massachusetts
Maryland
Mississippi
Missouri
North Carolina
Nebraska
New Jersey
New Mexico
Nevada
Ohio
Oklahoma
Pennsylvania
Rhode Island
South Carolina
Tennessee
Texas
Utah
Virginia
West Virginia

Termite inspections are at the discretion of the VA appraiser in these states:

Alaska
Colorado
Idaho
Maine
Michigan

(except for the following counties: Allegan, Barry, Berrien, Branch, Calhoun, Cass, Hillsdale, Ionia, Jackson, Kalamazoo, Kent, Lenawee, Livingston, Macomb, Mason, Monroe, Muskegon, Oakland, Oceana, Ottawa, St. Clair, St. Joseph, VanBuren, Washtenaw and Wayne)

Minnesota
Montana
North Dakota
Oregon
South Dakota
Washington
Wisconsin
Wyoming

The nine states where VA buyers can currently pay for a pest inspection are:

Alabama
Arkansas
Arizona
California
Florida
Louisiana
Mississippi
Oklahoma
Texas

The only VA loan product that DOES NOT require an inspection is an IRRRL (interest rate reduction loan), also known as a VA streamline refinance.

For more information please feel free to contact us at 844-MDM-4YOU or info@militarydirectmortgage.com and speak with one of our VA loan specialists