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Does a builder have to be on the VA Approved Builder List?
Published 08/09/2012 10:50 AM |
Updated 08/09/2012 10:50 AM
For an existing property, less than one year old, built out to customer preference items, does the builder have to be on the VA approved builder-list?
An existing property, less than one year old and completed except for customer preference items is considered "New Construction." For any property appraised as "New Construction", the builder must have a valid VA-assigned builder ID number. (Reference: VA Lender's Handbook - VA Pamphlet 26-7), Section 10.07.