Termites strike terror into homeowners’ hearts. That might sound extreme, but it’s actually a reasonable response. Consider these statistics from Orkin. Experts estimate that property owners in the U.S. spend some $5 billion annually to control termites and repair the damage that these wood-eating insects cause. Does that seem like a lot of money? It’s also a lot of structures. Each year, termites damage roughly 600,000 homes in the U.S. In some cases, the damage is minor. In others, the cost of repairs will total thousands of dollars. Occasionally, termite damage is so extensive and so harmful to the structural integrity of the building that the only reasonable path forward is to demolish the house and start fresh.
With that kind of track record, termites are rightfully recognized as a serious threat to the health and safety of a home, so lenders often require that homebuyers get a termite inspection. What if you’re using a VA loan from the home loan program offered by the U.S. Department of Veterans Affairs (VA)? Let’s explore what’s involved in getting a VA termite inspection. [Read more…] about The VA Termite Inspection: What You Need to Know