VA Appraisal Expiration
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Updated: 08/14/2018
Article #: 120
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Below is most recent response from VA on this: NOVs are valid for six months in the system. However, an NOV on a purchase is always valid as long as the contract is valid. If the contract is still valid, there would be no need to reorder the appraisal.
Original question: Our VA appraisal (for a 2x loan) was reviewed and approved prior to construction closing. However, we are 30 days from permanent financing closing and I am showing that the appraisal is going to expire. Can you confirm how many days a VA appraisal is good for?
Our system is showing 120 days but for some reason I am thinking it should be 180 days. Thanks!
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