Government loans have requirements beyond what conventional
loans require when it comes to the home inspections, wood destroying insect
inspections and the water well inspections.
The right company will help you navigate potential issues that may arise
because of stricter loan requirements and appraisal issues. Using an inspection
company with experience and who can provide all the services needed makes for a
smooth lending process and no surprises!
If the buyer of your house is using a VA loan for the
purchase, you - the seller - are required to pay for the wood destroying insect
inspection. Pay the inspector on the day
of the service.
If the home has a water well system, Government loans
require that the water source be tested for three additional contaminants. They are lead, nitrates, and nitrites water
tests.
Lead would leach into the water system if lead is present in
the solder used to install the pipes.
Nitrates and nitrites would come from over-fertilization of farm land or
a leaching septic system. These three
tests go to an out of state lab and can take up to 5 days to process the
results. We always recommend asking
your lender if they require these tests, or order them for the safety of you
and your family.
As for issues with the home, government loan appraisers can
require handrails, GFCI's by water sources, no broken window panes, a roof with
2+ years of life and more. All of our
inspectors include any item in the report that would need to be addressed
before the appraiser’s visit.
When deciding what inspections to choose, always choose as
many inspections that are available and applicable to the house you are
considering purchasing.
Houses can be dangerous, cause injury or even death if not
maintained correctly.
The water well evaluation is not part of the general home
inspection. TK Home Inspection
inspectors are Ohio H2O System Contractors. We offer water testing,
water system evaluations, septic inspections, home inspections, radon testing,
indoor air quality testing, pest inspections, and more. Give us a call at
330.361.5505 or go online at www.tkhomeinspection.com/book-now
to schedule all your
inspections today.
