Are VA Loan Inspections Strict?
When most people buy homes, they’re looking to move into them immediately. This means the house needs to be in move-in-ready condition at the time they receive the keys to the property.
With traditional mortgages, move-in-ready condition is largely a matter of personal preference and determining what fits your budget. Even major repairs won’t completely derail your loan application.
However, if you’re using VA loans in Colorado Springs to buy a house, the property must pass a VA inspection with a licensed home inspector. These inspections are strict and look for very specific things. This is what inspectors look for.
Before your home can qualify for a VA loan, the inspector must look at the heating system in detail. During the inspection, they’ll check for any wear and tear or issues that could cause the system to fail shortly after the sale goes through. If they determine that the system isn’t able to heat the house to at least 50 degrees Fahrenheit during the winter without issue, the house will fail the inspection.
Broken windows may not seem like a huge issue, but they can disqualify the house for eligibility. Even small cracks make windows vulnerable to both the elements and break-ins. If the house is to pass inspection, the homeowner must get the windows repaired before the sale can go through.
Functioning Electrical Systems
All homes you’re considering financing with VA loans in Colorado Springs must have modern electrical systems in place. This is both for your safety and the safety of the structure itself. If the wiring and components are too old, the house won’t pass inspection.
Structurally Sound Roofs
The inspector will also check the condition of the roof and will actively look for signs of water damage, existing leaks, and termites. These issues put the house at risk for serious damage and can result in costly repairs down the line. If the roof is damaged, the house may not pass inspection as the VA wants to spare you the frustration of expensive repairs in the future.
VA Inspections Look Out for You
The purpose of VA inspections is to make sure the house is a financially sound investment for you and your family. It’s not meant to deter you from using VA loans in Colorado Springs or to keep you from getting into a house you’ll love. If you’re ready to start looking at homes in earnest, get prequalified today.