In certain parts of the country (more than 30 states), you are required to get a pest inspection on the home you are buying before you are allowed to close. However, one of the biggest pain points for most buyers – and sellers – is that the homebuyer wasn’t allowed to pay for the inspection. That is, until now.
Just recently the Department of Veterans Affairs have relaxed their guidelines to allow veterans to be able to pay for their pest inspections in the following states (for home purchases):
If you’re buying a home with a VA loan and you live in a state other than those listed above, the inspection cannot be paid for by the veteran.
If you’re refinancing your home, there are no restrictions on who pays for the inspection, so that’s great news!
Please keep in mind, this doesn’t change the requirements for needing an inspection – you’ll likely still need to get one of those. But what these new developments do is allow you, as a veteran or service member, to speed up the home buying process by paying for it yourself rather than waiting for someone else.
Pest inspections are required in all states except the following:
- North Dakota
- South Dakota
These are considered discretionary states and an appraisal is needed only if the VA appraiser notes an issue during the appraisal process.
How the inspection works
The independent VA appraiser will look for any infestation or damage to the home from all wood-boring insects, most typically termites.
If the inspector finds that the home is infested, or still has damage from a previous infestation, a follow-up inspection may be required. While the VA doesn’t specify who is responsible for paying for treatment of termite damage, some states and lenders require the seller to pay for repairs up to a certain dollar amount.
To find out more information about VA loan pest inspections, please don’t hesitate to reach out to one of our VA Home Loan Experts! We’re here to help!
If so, subscribe now for tips on home, money, and life delivered straight to your inbox.