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December 14, 2021
Asbestos Inspection & Sampling
January 13, 2022Veterans Administration Loan Termite Inspection
Before You Buy a Home on a VA Loan
When you buy a home using your VA home loan benefits, you may be required to have a termite or pest inspection on the property before it can be approved for a VA mortgage.
Loan rules for termite damage in a VA loan. Any property purchased with a VA loan must meet the VA's minimum property requirements. These requirements are intended to ensure the buyer is purchasing a safe, sanitary and structurally sound property. If the property you want to buy using a VA loan is in an area where the probability of termite infestation is rated as moderate to heavy or very heavy, the VA requires that the property be inspected by a termite control professional who meets all the requirements of the state where the property is located.
VA Termite Inspection is Your Legal Right
When you buy a home, it is your legal right to receive an imminently qualified VA state inspected and licensed Ohio termite inspection report prior to or at the time of purchase. Termites can cause thousands of dollars in property damage and eat away at your investment. A thorough VA Termite Inspection by an accredited inspector is your best defense against termites in Ohio.
The VA requires a wood-destroying pest inspection in certain parts of the country and in low-rise and high-rise condo units when the VA appraiser observes a potential pest problem.
What Does the VA Help With?
In a nutshell, The VA home loan program is designed to help service members, Veterans and military families become homeowners. The U.S. Department of Veterans Affairs (VA) supports service members, Veterans and military families in their transition to homeownership by offering eligible loans with no down payment, no mortgage insurance and low closing costs. VA offers several lending options to meet your financing needs, including the following: VA's Interest Rate Reduction Refinance Loan – For Veteran homeowners currently paying interest rates above the threshold established by VA. The program uses a combination of a reduced interest rate and a loan refinance to reduce monthly payments, thereby saving the Veteran money over the remaining term of the loan. As part of this program, the existing mortgage is canceled once the new loan amount is fully funded and no longer owed.
Obtain a VA Loan Termite Inspection Form
- Understand the VA Loan Termite Inspection Requirement
The VA loan termite inspection requirement is in place to identify any termite-related concerns that may affect the property's value and structural integrity. It is crucial to understand that this requirement applies to properties located in areas with moderate to heavy termite activity. To comply with the VA's guidelines, homebuyers must obtain a termite inspection report from a qualified professional and submit the NPMA-33 form.
- Engage a Qualified Pest Control Company
To obtain the necessary termite inspection form, homebuyers should engage the services of a qualified pest control company. It is important to select a reputable company experienced in termite inspections and familiar with the VA's specific requirements. Ensure that the pest control company is licensed, certified, and knowledgeable in conducting termite inspections for VA loans.
- Schedule a Termite Inspection
Once a reputable pest control company has been identified, schedule a termite inspection for the property you intend to purchase. The licensed inspector will thoroughly examine the property for any signs of termite infestation or damage. This inspection may include a comprehensive assessment of the structure, checking for termite activity, evidence of prior treatments, and any visible damage caused by termites.
- Obtain the NPMA-33 Form
Upon completion of the termite inspection, the pest control company will provide a detailed report outlining the findings. Specifically, they will fill out the NPMA-33 form, which includes information about the inspection, any termite activity or damage discovered, and recommendations for treatment or further action if necessary. This form serves as the official termite inspection report required for the VA loan application.
- Submitting the Termite Inspection Form
Once the NPMA-33 form is completed and signed by the pest control company, it should be submitted to the appropriate parties involved in the VA loan process. This typically includes providing a copy to the lender and including it as part of the loan application documentation. The lender will review the termite inspection report to ensure compliance with the VA's requirements before finalizing the loan approval.
Why You Need a VA Loan Termite Inspection Form?
When using a VA loan to purchase a home, it is essential to adhere to the specific requirements set forth by the Department of Veterans Affairs (VA). One of these requirements involves obtaining a termite inspection form, also known as the NPMA-33 form. This form ensures that the property being financed through the VA loan is free from termite-related issues, protecting both the homebuyer and the investment. Let's explore the process of obtaining a VA loan termite inspection form and its significance in the homebuying journey.
You can download this form here and they will be completed by your home inspector: https://www.hud.gov/sites/documents/NPMA33.PDF
Obtaining a VA loan termite inspection form is an important step in the homebuying process when using a VA loan. By engaging a qualified pest control company, scheduling a thorough termite inspection, and obtaining the NPMA-33 form, homebuyers fulfill the VA's requirement to ensure the property is free from termite-related issues. This protects both the homebuyer and the investment, ensuring a sound and secure home for years to come.
Note: It is important to consult with the specific lender and adhere to any additional requirements or guidelines they may have regarding termite inspections for VA loans.
