Policy

The maximum appraisal and inspection fees allowed by each VA field station is based on customary fees for similar services in that station’s jurisdiction.  Regardless of the amount of the maximum fee, appraisers and inspectors must not charge veterans more than they charge other clients for similar services.

Liquidation Appraisal Fees

The appraisal requester will pay the appraiser’s fee and the expense will be included in the claim under loan guaranty. 

If the borrower attempts to pay the full arrears after the appraisal is obtained, the holder must include the cost of the appraisal in its computation of the total amount delinquent.

“Master” Appraisal Fees

Veterans cannot be charged for any portion of a “master” appraisal fee.

Total maximum “master” appraisal fee = (Fee per House Type  x  Number House Types  x  Number Appraisers Assigned)  +  (Fee per Lot  x  Number Lots)  +  (Fee per Option  x  Number Options).

Construction Inspection Fees

The builder, sponsor, or lender will pay the inspection fees, which are not to exceed $100 per inspection unless otherwise specified by the VA field station. 

While the veteran can be charged for all regular inspections of an individual property, the veteran cannot be charged for re-inspections due to

·   the builder’s noncompliance with VA requirements

·   the builder’s failure to provide access to the property or have the work ready for inspection, or

·   the inspector’s failure to arrive at the appointed time.