FHA/VA Appraisal Service

FHA and VA loans are government-backed mortgages designed to make homeownership more accessible. FHA loans assist borrowers with lower down payments and credit scores, while VA loans provide benefits to eligible veterans, active-duty military personnel, and surviving spouses. Both loan types require a specific appraisal process to ensure the property meets minimum safety, structural, and habitability standards, in addition to determining its fair market value.

As highlighted by resources on FHA and VA loans, these appraisals go beyond a standard market valuation. They involve a thorough inspection to identify any deficiencies that could affect the health, safety, or structural integrity of the property. Appraisers must adhere to specific guidelines and checklists provided by the FHA and VA.

Key aspects of FHA/VA appraisals include:

• Minimum Property Standards (MPS): Ensuring the property meets basic requirements for safety, security, and soundness. This includes functioning essential systems, a structurally sound foundation, a safe roof, and the absence of health hazards.
• Fair Market Value Assessment: Determining the current market value of the property based on comparable sales in the area.
• Identification of Deficiencies: Reporting any issues that need to be addressed before the loan can be approved.
• Specific Documentation and Reporting: Utilizing FHA/VA-approved forms and adhering to their detailed reporting requirements.

(Please note that these are estimates based on our market experience and general cost ranges for appraisals. FHA/VA appraisal fees are often regulated, but variations can occur based on property size and location.)

• FHA/VA Approved Appraisers: Our team includes certified appraisers who are approved and experienced in conducting FHA and VA appraisals.
• Deep Understanding of Requirements: We possess a comprehensive understanding of the FHA’s Minimum Property Standards and the VA’s specific appraisal guidelines.
• Thorough and Compliant Inspections: We conduct detailed inspections, ensuring the property meets all necessary FHA/VA requirements.
• Accurate Market Valuations: We provide reliable market value assessments based on our expertise in the real estate market.
• Efficient and Timely Service: We understand the importance of a smooth loan process and strive to provide timely appraisal services.
• Familiarity with Local Housing Stock: Our experience in the market allows us to accurately assess properties in the region according to FHA/VA standards.

• Property Size and Complexity: Larger and more complex properties may require more time to appraise.
• Location: Certain areas might have specific logistical considerations.
• Potential for Required Re-inspections: If initial inspections reveal deficiencies that need to be addressed.

To help ensure a smooth appraisal process:

• Ensure Full Property Access: Make all areas of the home accessible to the appraiser.
• Address Obvious Safety Hazards: Rectify any visible safety concerns.
• Provide Documentation of Repairs: If any significant repairs have been made, have documentation available.
• Ensure Utilities are on: The appraiser will need to check the functionality of essential systems.

If you’re pursuing an FHA or VA loan, trust Shabach Realty for your appraisal needs. Our experienced and approved appraisers are here to provide accurate and compliant valuations to help you achieve your homeownership goals. 

Contact Us:

+1 571 340 0079

info@shabachrealty.com