July 31, 2021

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Mortgage News

Home Appraisal vs. Home Inspection: Whats the Difference?

Similarly, a VA loan backed by the U.S. Department of Veterans Affairs goes one step further than a traditional home appraisal. A VA house valuation tries to prove that the house is “safe, healthy and hygienic”. The VA approved appraiser will check whether the house has enough space for living, sleeping and cooking as well as sanitary facilities. If the house is in a rural area, the appraiser looks for private road access to the house. The assessment will also document whether the home’s drainage system is adequately directing water away from the home. In addition, it is documented whether the house has access to clean drinking water, which is provided by a local health authority.