As most people know there are many benefits to the VA loan that other loans do not possess.  But one requirement that is specific to the VA loan is pest inspections.  Termites can pose a serious problem and can end up damaging and costing a homeowner significant amounts of money.  Unfortunately, these bugs are more prevalent in certain places so most states throughout the U.S. make these types of inspections a requirement.

When it is time for the inspection, it is important to know what takes place. An inspector will look in every part of the home for any damage or infestation in the home and will go off of a report known as the termite letter.  The inspector must also report if they see any prior pest treatments.  If the inspector finds that the home is infested with termites then they will recommend that the home owner have the home treated by a trusted and licensed professional and provide proof of the treatment prior to the home closing.

In most cases the homebuyer will not pay for the termite inspection. This means that the realtor, seller or your lender will end up paying for these fees.  There are many different scenarios that may come into play regarding a termite inspection so it is best to ask your realtor or lender for more information.

The Chapman Lending Team at HomeBridge Financial is honored to help many veterans utilize their VA home loan benefit each and every year.  We ARE NOT a call center.  Our goal is to provide the best customer service in the industry along with the most competitive rates and fees.

Semper Fi, Dan Chapman CAPT, USMC (vet)          Call (760) 456-7139

Get a Free Rate Quote  –  Start an Online Application

Related Articles

  2022 VA Loan Limits have increased The Department of Veterans Affairs (VA) increased 2022 loan limits for potential VA homebuyers across the country! This means that active and retired military service members and their families now have even more purchasing power when shopping for their dream home. In some…
Read More of the post 2022 VA LOAN LIMITS HAVE INCREASED

Chapman Lending Team at HomeBridge Financial I'm inviting you to join me in "PROUD to Walk," the inaugural charity event hosted by The Navy Marine Corps P.R.O.U.D. Foundation from May 15 to May 23, 2021. Every year I've been a proud sponsor of "PROUD to Walk," and I'm happy to…

Buying a home can seem overwhelming. As possibly the largest purchase you’ll ever make, you may even convince yourself that homeownership is financially beyond your reach. However, there are several factors you can turn to your advantage in order to make your dream of homeownership a reality. UNDERSTAND YOUR LOAN…
Read More of the post 5 Factors That Make Buying a Home More Affordable

If you haven’t refinanced your home you could be missing out on big savings. In fact, more than eight million homeowners are leaving cash on the table by not refinancing. While this number changes every year, what doesn’t change are the benefits of refinancing, especially as a VA Loan borrower.…
Read More of the post VA Refinance: Understanding Your Two Options