Most states require homes to undergo a termite inspection before they can receive VA loan approval. It’s an important step in ensuring sound and sanitary homes for veterans and their families. All VA loans San Diego require a termite inspection before approval.
Termites and other wood-destroying insects have the potential to deteriorate a home to such a degree that it requires reconstruction. The general climate of California is friendly to termites, making them fairly common. For this reason the state of California requires termite inspections prior to VA loan approval. According to industry statistics, homeowners spend upwards of $5 billion annually to fight termite infestations.
Termite inspectors thoroughly search the home for any potential entry points or signs of wood damage. Both the home’s interior and exterior are carefully inspected. While compromised wood is the most obvious and indicator, there are other signs inspectors look for. Any termite issues must be resolved before a VA loan can move forward.
VA Loan Recipients Don’t Pay For Termite Inspections
Among the many benefits of VA loans is the provision that homebuyer’s are not allowed to pay for termite inspections. It’s a cost that lenders, brokers, realtors, and home-sellers have to absorb, usually with little fuss.
To ensure compliance, VA lenders usually require an invoice indicating who paid for the termite inspection. It has been a contentious issue in the past, with both home sellers and real estate agents voicing concerns. In spite of some protest, the law has endured. In most cases the home-seller ends up absorbing the cost.
In cases where termite damage is found, the seller may be able to pay for termite treatment to satisfy VA loan requirements.
We can answer any questions or concerns regarding termite inspections and repairs in relation to VA loans San Diego. We’ve been helping veterans secure their VA loans for over thirty years. You can reach us seven days a week via email at email@example.com or by calling Dan Cauffiel at (619) 261-9954.