https://c2financialhomeloans.com/wp-content/uploads/2020/11/logo-color-1.png 0 0 [email protected] https://c2financialhomeloans.com/wp-content/uploads/2020/11/logo-color-1.png [email protected]2015-04-30 06:42:582015-04-30 06:42:58When Are VA Termite Inspections Required?
When Are VA Termite Inspections Required?
When are VA Termite Inspections Required?
A termite inspection is waived on a VA IRRRL (streamline) refinance. It is required on a purchase and a cashout refinance. If the property is a low-rise or high-rise condo its only required if the appraiser notices a potential issue. If there is active infestation by pests (Section I) it would require all items referenced on the termite report to be corrected. Items such as peeling paint and leaking pipes would be considered as (Section II) and that would be at the underwriter’s discretion to condition for repair. If you have any further questions or concerns feel free to contact me.