What Happens If the Appraisal Comes in Low on a VA One-Time Close Loan? скачать в хорошем качестве

What Happens If the Appraisal Comes in Low on a VA One-Time Close Loan?

What happens if the appraisal comes in low on a VA One-Time Close construction loan? First — don’t panic. When you’re building with a VA OTC loan and the value comes in lower than the contract price, you have options. You can renegotiate with the builder. That might mean: • Asking them to come down on the price • Shaving off upgrades • Waiving the contingency reserve • Having the builder cover interest payments during construction • Or bringing money to closing if it makes sense Another big option is a Reconsideration of Value (ROV). If there’s a gap in value, we can go back to the VA and request a reconsideration. The VA will review the file, analyze the comps, and determine what they believe the property is truly worth. That decision can change the outcome — but it has to be done correctly. And this is where experience matters. A Reconsideration of Value needs to be structured and submitted by a lender who understands the VA process inside and out. We are VA specialty lenders. We do VA loans all day, every day, and we specialize in the VA One-Time Close construction loan. If you want to talk through your specific situation, shoot me an email VALoanBish@vlgteam.com #military #valoan #veterans #vahomeloan #vaotc #vaconstructionloan #realestate #construction #building #appraisals