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who pays for a va termite inspection

by terry.fraser157 from Arlington, Kentucky. Feb 11th 2014 Reply


Jason Gonzalez (purchaseflorida)
#192 ranked lender in Florida - 27 contributions

"You are not allowed to pay for the termite report, unless the loan is a refinance. That fee is usually paid by the seller" Directly from the VA website. If it is a purchase, than a party other than yourself must pay for it. It is not an 'allowable fee' as per VA loan guidelines.

Feb 11th 2014
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Bruce Dawson (bdawson)
#20 ranked lender in Tennessee - 29 contributions

VA will not allow a veteran to pay for the termite on a purchase. It's the seller that would have to pay for the letter. Please feel free to contact me if you have any further questions regarding a VA loan.

Feb 11th 2014
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William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,726 contributions

VA says you cannot pay for the termite inspection (purchase transactions), however the seller might ask you to pay it and they would reimburse you upon successful close of escrow.. this way, If your financing falls through, they are not out the cost of inspection. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Feb 11th 2014
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Joel Lobb (kentuckyloan)
#3 ranked lender in Kentucky - 192 contributions

The fees on this list MUST BE paid for by the seller or lender?Attorney fees?Brokerage fees?Pre-Payment penalties?HUD/FHA inspection fee?Lender's appraisals?Lender's inspections, except in construction loan cases?Loan closing or settlement fees?Document preparation fees?Preparing loan papers or conveyancing fees attorney's services other than for title work?Photographs?Interest rate lock-in fees?Postage and other mailing charges, stationery, telephone calls, and other overhead?Amortization schedules, pass books, and membership or entrance fees?Escrow fees or charges?Notary fees?Commitment fees or marketing fees of any secondary purchaser of the mortgage and preparation and recording of assignment of mortgage to such purchaser?Trustee's fees or charges?Loan application or processing fees?Fees for preparation of truth-in-lending disclosure statement?Fees charged by loan brokers, finders or other third parties whether affiliated with the lender or not, and?Tax service fees.

Feb 12th 2014
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