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Unread 04-29-2009, 02:45 PM
 
336 posts, read 791,914 times
Reputation: 217
Default how long does VA loan take apprasial ordered 14 days ago

How long does this take. I only have 30 days on the offer and I am down to 2 weeks and no call from the appraiser to the seller to schedule an appraisal. am I screwed???
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Unread 04-29-2009, 05:54 PM
 
336 posts, read 791,914 times
Reputation: 217
anyone have an answer
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Unread 04-29-2009, 11:53 PM
 
305 posts, read 921,170 times
Reputation: 132
I just had an appraisal done yesterday for VA loan. It took a total time of 10 days between the time the phone call went out from lender to appraiser. And that was only because the appraiser went out to our new home twice. The first time it was because the house was not finished (new construction). He went back when the builder called him and said it was over 90% done (they were working on the landscaping when the appraiser went back for a second time).

I don't know what a typical wait time is as this is our first home and first time using VA.

Don't sit back and wait for someone else to make the decision that it's taking too long. Get on the phone to the lender and push. I was told, however, that the appraisers are backed up due to all the refi's ... and definitely not because of all the new homes being built because there aren't that many selling right now.
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Unread 04-30-2009, 12:53 AM
 
Location: Dallas/Fort Worth, Texas
3,880 posts, read 8,251,431 times
Reputation: 2092
14 days is a lonnng time. The processor should call VA and put a rush on it.

Average time has been 7 to 11 days from time of ordering it to time received back in hands.
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Unread 04-30-2009, 02:08 AM
 
Location: Texas
5,146 posts, read 3,276,424 times
Reputation: 2448
They usually take some time, but 14 days is a bit long.
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Unread 05-22-2009, 05:52 AM
 
Location: South Carolina
432 posts, read 946,322 times
Reputation: 302
our VA appraisal was ordered 2 weeks ago...per my realtor & lendor, today is the deadline to get it done. what are the repercussions if it doesn't get done in time?
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Unread 05-22-2009, 10:17 AM
 
Location: Dallas/Fort Worth, Texas
3,880 posts, read 8,251,431 times
Reputation: 2092
Quote:
Originally Posted by thechappells View Post
our VA appraisal was ordered 2 weeks ago...per my realtor & lendor, today is the deadline to get it done. what are the repercussions if it doesn't get done in time?
That would vary by State. Your Realtor lender are the best are giving you that advice. It could be that you lose your earnest money and the seller can accept another contract. Is it not specified in the contract of sale?

Naima
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Unread 05-22-2009, 10:38 AM
 
Location: South Carolina
432 posts, read 946,322 times
Reputation: 302
just heard back from lender. it's being completed as i type this. whew!
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Unread 10-25-2012, 03:24 PM
 
1 posts, read 2,533 times
Reputation: 10
It took our appraiser 29 days to do the inspection after te order was placed. He did the inspection on 10-15-12, we were supposed to close on 10-23-12 but have never heard anything back from him and he has not turned in his report. We now have no idea when we are closing and we have to be out of our current place by 10-31-12.
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Unread 10-27-2012, 03:03 PM
 
Location: Coeur d'Alene Idaho
794 posts, read 1,219,504 times
Reputation: 469
Our VA Appraisal took about 5 days from start to finish.
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