Are you thinking of buying a home with a VA home loan? If so, you may have heard about the importance of a termite inspection. In fact, the VA requires all homes to undergo a termite inspection before the loan can be approved. But what exactly is a termite inspection, and why is it necessary? In this article, we will provide you with all the information you need to know about VA home loan termite inspections.
What is a VA Home Loan Termite Inspection?
A VA home loan termite inspection is an examination of a home to determine whether there are any active or previous termite infestations or damages. The inspection is conducted by a licensed pest control professional, who checks all accessible areas of the home, including the attic, basement, and crawlspaces.
During the inspection, the pest control professional will look for evidence of termite activity, such as mud tubes, discarded wings, and termite droppings. They will also check for any damage caused by termites, such as sagging floors, warped walls, and hollow-sounding wood. If any termite activity or damage is found, the pest control professional will provide a report detailing their findings.
Why is a VA Home Loan Termite Inspection Necessary?
A VA home loan termite inspection is necessary to protect both the homebuyer and the lender. Termites can cause significant damage to a home, and repairing that damage can be expensive. If a home has a termite infestation or damage, it may not meet the VA’s minimum property requirements, and the loan may not be approved.
Additionally, a termite inspection can help the homebuyer make an informed decision about whether to purchase the home. If termites are found, the homebuyer can negotiate with the seller to have the infestation treated and the damage repaired before closing on the home. Alternatively, the homebuyer may decide to walk away from the deal altogether.
What Does a VA Home Loan Termite Inspection Cover?
A VA home loan termite inspection covers all accessible areas of the home, including the interior and exterior. Specifically, it covers:
Area Inspected |
Items Inspected |
|---|---|
Exterior |
Siding, trim, windows, doors, roof eaves and soffits, porches and decks |
Basement and Crawlspace |
Foundation walls and piers, floor joists and subflooring, sill plate and rim joist, supporting beams and columns, crawlspaces, water heater platform and furnace platform |
Interior |
Interior walls, ceilings and floors, attics and attic insulation, plumbing and electrical penetrations, under sinks and behind appliances |
What Happens if Termites are Found?
If termites are found during the inspection, the pest control professional will provide a report detailing their findings. The report will indicate the extent of the infestation and damage, as well as the recommended treatment method. The report will also provide an estimate of the cost to treat the infestation and repair any damage.
If the homebuyer still wishes to purchase the home, they may negotiate with the seller to have the infestation treated and the damage repaired before closing. Alternatively, the homebuyer may ask the seller to lower the sale price to reflect the cost of treating the infestation and repairing the damage.
FAQs About VA Home Loan Termite Inspections
1. Can I waive the VA home loan termite inspection?
No, the VA requires all homes to undergo a termite inspection before the loan can be approved.
2. Who pays for the VA home loan termite inspection?
The buyer typically pays for the VA home loan termite inspection.
3. How long does the VA home loan termite inspection take?
The inspection typically takes between 30 minutes and 2 hours, depending on the size of the home and the extent of the infestation (if any).
4. What happens if the VA home loan termite inspection is not completed?
If the VA home loan termite inspection is not completed, the loan may not be approved.
5. Can I choose my own pest control professional for the VA home loan termite inspection?
Yes, as long as the pest control professional is licensed in the state where the home is located.
6. Can I request a re-inspection if termites are found?
Yes, the pest control professional may perform additional inspections to ensure that the infestation has been successfully treated.
7. How often do I need to conduct a VA home loan termite inspection?
There is no set schedule for VA home loan termite inspections, but it is recommended that homes be inspected annually for termites and other pests.
8. Can I use the same pest control professional for the VA home loan termite inspection and treatment?
Yes, as long as the pest control professional is licensed in the state where the home is located.
9. Does the VA home loan termite inspection cover other pests besides termites?
No, the VA home loan termite inspection only covers termites.
10. What if the seller refuses to treat the termite infestation?
The homebuyer may negotiate with the seller to have the infestation treated and the damage repaired before closing. Alternatively, the homebuyer may ask the seller to lower the sale price to reflect the cost of treating the infestation and repairing the damage.
11. Can I perform my own VA home loan termite inspection?
No, the VA requires that the inspection be performed by a licensed pest control professional.
12. What if the home is new construction?
If the home is new construction, the VA home loan termite inspection may not be necessary, as long as the builder can provide evidence that the home has been treated for termites.
13. Can I request a VA home loan termite inspection before making an offer on a home?
Yes, it is recommended that homebuyers have a termite inspection performed before making an offer on a home.
Conclusion
A VA home loan termite inspection may seem like a hassle, but it is an important step in protecting your investment. The inspection can help you identify any existing or potential termite infestations or damage, allowing you to make an informed decision about whether to purchase the home. If termites are found, you can negotiate with the seller to have the infestation treated and the damage repaired before closing on the home. Don’t skip the VA home loan termite inspection – it could save you thousands of dollars in the long run.
So, if you are in the process of buying a home with a VA home loan, make sure to schedule your termite inspection as soon as possible. And remember, if you have any questions or concerns about the inspection, don’t hesitate to ask your pest control professional for more information. They are there to help you make an informed decision about your investment.
Closing Disclaimer
The information in this article is intended to be a general guide only and should not be relied upon as legal or professional advice. Please consult with a licensed pest control professional and/or your attorney before making any decisions regarding a VA home loan termite inspection.