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Overview

 

Introduction

This chapter contains information about

 

·   the eligibility of property to be the security for a VA guaranteed loan, and

·   appraisal requests.

 

In this Chapter

This chapter contains the following topics.

 

Topic

See Page

10.01  Why An Appraisal Is Required

10-2

10.02  Who Can Request an Appraisal

10-3

10.03  The Appraisal System

10-4

10.04  How to Request an Appraisal

10-5

10.05  Types of Property Eligible for Appraisal

10-8

10.06  Properties Not Eligible for Appraisal

10-12

10.07  Other Appraisal Request Restrictions

10-14

10.08  New Construction

10-17

10.09  Proposed or Under Construction

10-19

10.10  Construction Exhibits

10-21

10.11  Conversion of HUD Value Notices for VA Use

10-27

10.12  Fees For Appraisals and Inspections

10-28

Figure 1:  Builder Information and Certifications

10-30

Figure 2:  VA Appraisal Request Checklist

10-31

 

 

 



 

   Chapter 10
   Property Eligibility and Appraisal Requests
      Overview
      10.01  Why An Appraisal Is Required
      10.02  Who Can Request an Appraisal
      10.03  The Appraisal System
      10.04  How to Request an Appraisal
      10.04  How to Request an Appraisal, Continued
      10.04  How to Request an Appraisal, Continued
      10.05  Types of Property Eligible for Appraisal
      10.05  Types of Property Eligible for Appraisal, Continued
      10.05  Types of Property Eligible for Appraisal, Continued
      10.05  Types of Property Eligible for Appraisal, Continued
      10.06  Properties Not Eligible for Appraisal
      10.06  Properties Not Eligible for Appraisal, Continued
      10.07  Other Appraisal Request Restrictions
      10.07  Other Appraisal Request Restrictions, Continued
      10.07  Other Appraisal Request Restrictions, Continued
      10.08  New Construction
      New Construction, Continued
      10.09  Proposed or Under Construction
      10.09  Proposed or Under Construction, Continued
      10.10  Construction Exhibits
      10.10  Construction Exhibits, Continued
      10.10  Construction Exhibits, Continued
      10.10  Construction Exhibits, Continued
      10.10  Construction Exhibits, Continued
      10.10  Construction Exhibits, Continued
      10.11  Conversion of HUD Value Notices for VA Use
      10.12  Fees For Appraisals and Inspections
      10.12  Fees For Appraisals and Inspections, Continued
      Figure 1:  Builder Information and Certifications
      FIGURE 2:  VA Appraisal Request Checklist