The appraisal fee is the buyer’s responsibility, but your VA lender will schedule the appraisal for you once your home is under contract. If the home’s appraised value is less than your offer, you can try to negotiate a better price with the seller. Your VA lender cannot give you a loan larger than the appraised amount per Department of Veterans Affairs guidelines. The next step is to make sure that the home’s appraised value is equal to or greater than your offer. If your home meets MPRs, you’re halfway there. If the home does not meet MPRs, you can ask your seller to repair them, offer to pay for the repairs yourself, or walk away from the home. However, these items can still be mediated to get your VA loan approval. Generally speaking, all VA loan homes need to be move-in ready in order to pass appraisal.
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