With three properties set to close using VA loans in the next 10 days an oddly familiar tale is being heard from the lenders. VA appraisers are backed up two to three weeks in getting reports done!
With new appraisal rules in place and the popularity of VA loans soaring in Northern Virginia delays have become inevitable. With more VA buyers in the wings I’m learning that we may need to push our hope for 30 day closings to 45 days to be realistic.
The good news is that VA loan benefits are a fantastic opportunity for home buyers and learning to be patient for your new home is just a small sacrifice to pay.