Answers. Best Answer: VA appraisers in my area are required to get the appraisal back to us in one week or less. I think this is for all jurisdictions. The appraised value has to be for the sale price only, not the total loan amount, & the poster who said they always appraise for the sale price is wrong.
https://answers.yahoo.com/question/index?qid=20080710083926AAowfci
When the purpose of the VA loan is to make alterations, improvements or repairs costing in excess of $3,500, the appraiser must estimate reasonable value both on an as is and an as repaired basis and disclose the full extent of the work to be done.
http://va-guidelines.com/va_appraisal_guidelines.htm
The appraisal takes about 2-3 weeks (Keep in touch with your mortgage company...I only found out after calling them). They will ALWAYS appraise the house for at least the sale price. The appraisal is merely a formality. They really just want to make sure that the property is real and not a scam. The turnaround is very quick. I could've closed within 2 weeks of applying for the loan.
https://answers.yahoo.com/question/index?qid=20080710083926AAowfci
Although there are often exceptions to the rule, if the appraiser does not experience any difficulties (for example, limited sales in your area), our appraisers average a two (2) to three (3) day turn around time after the day of inspection for standard appraisal reports.
http://www.iappraise.com/faq/faq-5/
You can submit a question to a VA representative via e-mail for response within 4 business days. Please put General Question in the subject line. PDF Documents — To read PDF documents, you need a PDF viewer. Links to viewer software can be found at this link.
http://www.benefits.va.gov/HOMELOANS/appraiser.asp
Appraisers/Staff Appraisal Reviewer. VA fee appraisers determine the reasonable or market value of a property for VA home loan guaranty purposes. The links below are provided as resources for VA fee appraisers.
http://www.benefits.va.gov/HOMELOANS/appraiser.asp
A home purchased with a VA home loan is subject to a VA appraisal. And only a VA-approved appraiser can perform a VA appraisal. VA lenders are responsible for ordering VA appraisals, which are completed in 10 days on average. But as VA appraisers are in short supply in rural areas, buyers should expect the VA appraisal to take longer in sparsely-populated locales. Simple repairs shouldn’t delay the VA loan process by more than a few days.
https://www.veteransunited.com/realestate/how-long-does-it-take-to-close-a-va-loan/
And that’s simply not the case. Most VA loans close in 30 to 45 days, which is standard for the mortgage industry regardless of the type of financing. In fact, dig into the numbers a bit and you don’t find much difference between VA and conventional loans.
https://www.veteransunited.com/realestate/how-long-does-it-take-to-close-a-va-loan/
VA Appraisal Guidelines. A VA appraisal is required to help ensure that any property which will become the security for a VA-guaranteed loan has a value of at least as much as the loan amount, and is in a condition acceptable to VA. This site goes into great detail.
http://va-guidelines.com/va_appraisal_guidelines.htm
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http://www.benefits.va.gov/HOMELOANS/appraiser.asp
how long does va appraisal take
A Veterans Affairs appraisal takes 10 days. VA appraisal takes 10 days.