Here’s how the VA appraisal process works in Georgia:

The lender orders the appraisal:

Once you have applied for a VA loan and provided all necessary documentation, the lender will order an appraisal of the property. The appraisal must be completed by a VA-approved appraiser.

The appraiser visits the property:

The appraiser will visit the property to assess its condition and determine its fair market value. During the visit, the appraiser will inspect the property’s interior and exterior, take measurements and photographs, and note any repairs or upgrades that are needed.

The appraiser prepares a report:

Based on the property visit and market research, the appraiser will prepare a report that includes an estimated value for the property and any repairs or upgrades that are needed to meet the VA’s minimum property requirements.

The lender reviews the report:

The lender will review the appraiser’s report and ensure that the property meets the VA’s minimum property requirements. If repairs or upgrades are needed, the lender may require that they be completed before the loan can be approved.

The loan moves forward:

If the property meets the VA’s requirements and the appraised value is sufficient to cover the loan amount, the loan can move forward to the closing process.

It’s important to note that the VA appraisal process in Georgia can take several days to a few weeks, depending on the availability of appraisers in your area and the complexity of the appraisal. By working with a reputable lender and providing all necessary information in a timely manner, you can help ensure a smooth and efficient appraisal process.