Every VA purchase loan requires an appraisal by a VA-assigned appraiser. The appraisal does two jobs: it estimates the home's market value, and it checks that the property meets the VA's minimum property requirements (MPRs) for being safe, sound, and sanitary.
Common items that can be flagged
- Peeling paint on older homes
- Roof condition and remaining life
- Missing handrails or safety hazards
- Inadequate heating or water supply
- Well and septic concerns on rural properties
If the appraisal comes in below the price
Buyers and sellers have options: renegotiate the price, the buyer can pay the difference in cash, or — depending on the contract — the buyer may be able to withdraw. VA purchase contracts include specific language about appraised value; ask your lender and agent how it applies to you.
Tips for sellers
Addressing obvious repairs before listing can prevent delays. Have permits, service records, and well/septic documentation ready.
David Wahlers is a licensed real estate broker, not a mortgage lender, loan officer, or VA representative. Loan eligibility, terms, and fees are determined by your lender and the VA.
This article is general information, not legal, tax, or financial advice.
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