Pest Inspection CT Mortgage Guide

CT Pest Inspection Guidelines For Mortgages. This past week we got a call from a well seasoned Realtor, and is extrordinary at what she does. The reason for her call was because she had a question concerning CT Pest Inspections and who is allowed to pay for them.

After answering this Realtor’s question, we realized, if this very experienced Realtor did not know Pest Inspection Guidelines For Mortgage Loans, then most likely other Realtors and Home Buyers today do not know the guidelines for Termite Inspections in CT.

Conventional Loans are the most lenient. If the Appraiser indicates evidence of wood-boring insects, dampness, or settlement, the Appraiser must comment on the effect that it may have on the marketability and value of the property. The Lender must also provide satisfactory evidence that the condition was corrected, or provide an inspection report by a licensed CT Pest Inspector stating that the condition does not pose any threat of structural damage that requires correction.

For FHA and VA the rules have changed over the years. At this point if an FHA Pest Inspection is ordered, it can be paid by anyone, as well as the treatment if treatment is required.

VA requires a Pest Inspection. The buyer, seller or lender can pay for the pest inspection for a VA loan. Previously, a common point for many buyers and sellers was that the home buyer wasn’t allowed to pay for the inspection for a VA loan. In June 2022 the VA relaxed its guidelines to allow veteran home buyers to pay for their pest inspections for both home purchases and refinances. If treatment is required anyone can pay for it as well.

Hope this helps to clarify this issue for those who might be involved in a CT real estate transaction in the future that requires a Pest Inspection and are not familiar with the CT Pest Inspection Guidelines For Mortgages.

Call today to schedule your Pest Inspection. 888-558-1574