VA Interest Rates VA loan Application Denver Realtor
General Requirement |
Construction exhibits are required for properties appraised as “proposed or under construction”. They are not required for properties appraised as either “new construction” or “existing construction.” |
Required Exhibits |
Each set of proposed construction exhibits must include · specifications on VA Form 26-1852, Description of Materials, signed and dated by the builder in all cases and by the veteran when one is under contract in an individual case processed as “proposed or under construction”. Other specification formats are also acceptable, provided they are signed and dated by the builder and veteran as described above and are sufficiently detailed for VA appraisal and compliance inspection purposes. · plot plan which includes the location of the well/septic systems, if applicable. · all exterior building elevations. · foundation or basement plan. · plan of all floors. · sectional wall details. · a certification signed and dated by a technically qualified and properly identified individual (such as, builder, architect, engineer, etc.) which states, “I certify that the construction exhibits for (identification of the property by house type, lot, block, subdivision name, etc.) meet all local code requirements and are in substantial conformity with VA Minimum Property Requirements, including the energy conservation standards of the 1992 Council of American Building Officials’ Model Energy Code and the requirement for lead-free water piping.” VA will accept HUD Form 92541, Builder’s Certification of Plans, Specifications and Site, in lieu of this certification. Note: In most cases for HUD Form 92541 to be acceptable, it must have the identifying information at the top completed, as well as Items 2 and 4 or Items 5, 6, 9, 10, 12 and 13. |
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