VA Appraisals: Requirements, Fees and What to Expect

A VA appraisal estimates the value of the home you want to buy and ensures the property meets the VA's minimum requirements.
Barbara Marquand
By Barbara Marquand 
Updated
Edited by Beth Buczynski Reviewed by Michelle Blackford
VA Appraisals: Requirements, Fees and What To Expect

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When you apply for any type of mortgage to buy a home, the lender will usually require an appraisal to estimate the home's value. The same goes for a VA loan, except the lender will hire a VA-approved appraiser. Here's what a VA appraisal entails and how much it will cost.

What is a VA loan appraisal?

A VA appraisal is required when using a VA loan to buy a home. Besides estimating its market value, a VA-approved appraiser thoroughly checks the home to make sure it meets minimum property requirements set by the U.S. Department of Veterans Affairs.

A VA appraisal is also required to get a VA cash-out refinance but may not be required for a VA streamline refinance.

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