Potential “Master” Appraisal Restrictions

During times of heavy VA workload or limited resources and with VA Central Office concurrence, a VA field station may temporarily refuse a builder’s requests for “master” appraisals if experience with that builder or location indicates that a minority of the units will receive VA financing.  In that situation, the builder may obtain an individual appraisal on any property sold to a veteran.

With VA Central Office concurrence, a VA field station may also limit the number of

·   units in a “master” appraisal to the number which it believes can be successfully marketed during the validity period of the VA value notice, or

·   optional items of equipment or variations from basic house types to be included in a “master” appraisal.

If No Inspector Available

In areas where there is no qualified VA or HUD fee inspector, properties cannot be appraised until they qualify as

·   “new construction” (Reference: See Section 10.08), or

·   “existing construction” (Reference: See Section 10.05).