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The US House of Representatives just recently passed a new bill this week, that improves and modernizes the VA appraisal requirement. 

The bill is titled HR 7735, and is known as the "Improving access to the VA home loan benefit Act of 2022". The key takeaway from this bill is that the VA will now allow "desktop appraisals" , and will even begin allowing "appraisal waivers", in certain scenarios. This should help to modernize the VA appraisal process and bring it up to speed with Conventional and FHA loans. 

The bill was introduced by Illinois Rep. Mike Bost, who said, "This bill will make sure that veterans are not unfairly disadvantaged during the home buying process and allow for a modern, digital appraisal process, which will get them into their new home faster". 

To learn more, click on the following link: https://www.housingwire.com/articles/house-passes-bill-to-modernize-va-appraisals/


Posted by Austin Howland on September 15th, 2022 5:31 PM

Appraisal Waiver FAQs

When purchasing a home, did you know you might be able to waive the appraisal and the fee?

You could be eligible for an appraisal waiver, allowing you to:

- Save hundreds of dollars on the appraisal fee

- Close faster, usually in 20 days or less

- Eliminate the worry of a low appraisal value?

?? Call us today. 407-834-3377

#appraisal #appraisalwaiver #refinance #mortgage #floridarealestate #movingtoFlorida

Posted in:GeneralPosted in:Appraisals and tagged: appraisal waiver
Posted by Austin Howland on August 2nd, 2022 6:24 PM

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