What VA Cannot Do

GUARANTEE THAT THE HOUSE YOU BUY, WHETHER IT IS NEW OR PREVIOUSLY OCCUPIED, WILL BE FREE OF DEFECTS. The VA appraisal is NOT intended to be and "inspection" of the property. If you have any doubts about the condition of the house, it is in your best interest to seek expert advice BEFORE you legally commit yourself in a purchase agreement. Most sellers will permit you, at your expense, to arrange for an inspection by a qualified residential inspection service and negotiate with you concerning repairs to be included in the purchase agreement. Such action can prevent later problems, disagreements and disappointments. Remember, VA guarantees only the loan, NOT the condition of the property. It is your responsibility to be an informed buyer and assure yourself that what you are buying is satisfactory to you in all respects.

If you have a home built, VA cannot compel the builder to correct construction defects or otherwise live up to the contract. VA authority is limited to suspension of the builder from participation in the VA Loan Guaranty program.

VA cannot guarantee that you are making a good investment, or that you can resell the house at the price you paid.

VA does not have authority to provide you with legal services.

Requirements for VA Loan Approval