I am in the process of buying a home, the VA appraisal was done last thursday 5/29, USAA received it on 5/31. I thought that I would have access to see if there are any issues for the seller to take care of immediately. I was told that the appraisal has to be reviewed before I am able to get a copy.
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How quickly can you refinance (with new appraisal) after a. – I would go for a 25% conventional loan without PMI. How many months do I need to wait for a bank to be willing to do a new appraisal and use that appraisal for the refinance (vs. the amount I paid).
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After the appraisal and home inspection are complete, the house may need repairs made to it before you can move in, which might delay your closing date. If the appraisal comes in lower than your offer, you have a few options. You can renegotiate with the seller to buy the home for the appraisal price. This could take a few days.
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· How Long is the VA Appraisal Good For? Updated January 31, 2019 2 min read. While it is unlikely, if the VA appraisal expires before the loan closes, the lender must order a new appraisal for the loan to close. Even less common, if the appraisal expires and the new appraisal comes in lower than the original, the VA is likely to reject the.
How long does it take to close on a home What are the. – Hi Dee a transaction can close from 2 weeks to 90 days depending on the details of the transaction and the lender that you use. Things that could lengthen the process would be a change in contract which may happen after an inspection with unexpected damages an appraisal could come in higher than the contracted sales amount or a short sale that the bank has not approved or complications with.
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