By Sean Stephens
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Does the seller have to pay for a termite inspection on a VA loan?

Can a veteran pay for a termite inspection on a VA loan in Florida, Texas, or Alabama?

In what states can a veteran pay for a termite inspection?Tampa FL VA Approved Lender

As you can imagine, this is a common question that we receive, and in today’s video I will discuss the facts that you need to know in order to help our veterans and Realtors be prepared for your next sales contract negotiation.

And remember, as a VA approved lender, we are here to help, if you have any qualifying scenarios or need help with a new pre-qualification, just call or email to discuss your scenario and let us show you the “Metroplex” difference!

(800) 806-9836 X 280
SeanS@MPLX.org

Does the seller have to pay for a termite inspection on a VA loan?Tampa FL VA Lender List

As a starting point, many times we hear that sellers are resistant to the VA loan programs because of the concern that they will be required to pay additional fees, but remember that sellers will only pay for what they have agreed upon as part of the sales contract.

Further, while the VA program does prohibit the veteran from paying certain charges, this does not mean that the seller automatically has to pay for these items, because VA guidelines state that they have to be paid for by “some party other than the veteran” which could be the lender, Realtor, or even the seller if so negotiated.

With that being said, can a veteran pay for a wood destroying insect report, commonly referred to as a termite inspection?Who pays for a termite inspection on a VA loan in Florida

Now, while it is true that the majority of states prohibit a veteran from paying for a termite inspection, VA has identified certain states where exceptions apply which include Florida, Alabama, and Texas as being among the states that currently allow the veteran to pay for a termite inspection.

While the list of exceptions does vary from the type of fee and state or territory, please consult with your local VA Regional Loan Center for any further questions.

In summary, remember the following:

  • A veteran can pay for a termite inspection in some states;
  • There are certain charges that a veteran may not pay; and
  • The seller is only required to pay for what has been agreed upon as part of the sales contract.

Remember if you have any questions, that is what we are here for!

As a USDA and VA approved lender take advantage of our 100% financing government loan expertise.Tampa FL VA Approved Lender

With VA in-house underwriting and upfront systems in place, use my team as a resource so we can review and assist with key items such as:

  • VA Certificates of Eligibility;
  • Calculating the VA entitlement;
  • Determining VA income eligibility; and of course any
  • VA Minimum credit qualifying questions                                          

I want everyone to make it a great day and look forward to seeing you right here for the next Loan Pro video quick tip!

Qualifying for a home loan can be both difficult and overwhelming, but when you work with a lender that specializes and understands the loan process, it is a match that can open the door to home ownership.

For more immediate scenarios - click here to apply online for a mortgage today!

So, keep us in mind for your next pre-qualification or if you have a current transaction experiencing financing difficulty and need an expert opinion.

Whether it be USDA, FHA, Conventional or VA loans, just call or email to discuss your scenario and let us show you the "Metroplex" difference!

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We lend in the following states: Alabama, Florida, Tennessee & Texas. Any loan program may require sufficient equity and certain conditions may apply.
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