**Title: Is a Pest Inspection Required for Your Mortgage? Everything You Need to Know**
**Introduction**
When buying a home, ensuring it remains free from pests is crucial. While a general home inspection evaluates a property’s systems and structure, a pest inspection focuses on identifying potential infestations. Depending on your mortgage type, a pest inspection might be mandatory.
**What Is a Pest Inspection?**
A pest inspection involves searching for bugs and other creatures that can damage a property’s structure or pose health hazards. Common pests include termites, which feed on wood, causing significant structural damage, as well as other insects and rodents.
**When Does a Pest Inspection Occur?**
Pest inspections typically occur around the same time as home inspections or appraisals. If an appraiser notices signs of a pest problem, it might trigger a pest inspection. Homeowners can also request pest inspections whenever they suspect an issue.
**Who Performs Pest Inspections?**
Pest inspections are usually conducted by companies specializing in extermination and pest control. While DIY inspections are possible, professional inspections are recommended, especially if required by your mortgage program.
**When Is a Pest Inspection Required?**
Pest inspections are often required for Department of Veterans Affairs (VA) loans, with some exceptions like the VA Streamline refinance (VA IRRRL). If an appraiser spots a potential pest issue, an inspection becomes necessary.
**When Is a Termite Inspection Required?**
A termite inspection is typically required for VA loans or if a home inspection reveals signs of termite infestation, such as wood damage. In some cases, the seller may need to cover the inspection cost.
**What Does a Pest Inspection Entail?**
During a pest inspection, the inspector will:
– **Search for Infestations:** Inspect the interior and exterior for pests like termites, bedbugs, cockroaches, carpenter ants, rodents, and more.
– **Evaluate Structural Damage:** Look for evidence of damage to floorboards, walls, siding, and other structures.
– **Provide a Detailed Pest Report:** Issue a report detailing any pests found, the location, damage, and recommended treatments.
– **Recommend Treatment and Repairs:** Suggest necessary treatments and repairs to address the infestation and any structural damage.
**How Long Does a Pest Inspection Take?**
Most pest inspections take 30 minutes to an hour, depending on the house’s size and layout. The inspection report is then sent to your mortgage company, potentially adding 1-2 days to the process. If repairs are needed, scheduling them promptly will expedite the process.
**How Much Does a Pest Inspection Cost?**
According to HomeAdvisor, the average cost of a termite inspection is about $100, though this can vary based on the home’s size and the inspection’s scope. Some companies offer package deals if they perform both the home and pest inspections.
**Who Pays for the Pest Inspection?**
For most loans, it doesn’t matter who pays for the pest inspection. Previously, VA loans required the lender or seller to cover the cost in certain states, but a 2022 rule change now allows borrowers to pay, giving them more negotiation power in a competitive market.
**Should You Get a Home Pest Inspection?**
Even if not required, a pest inspection is advisable for peace of mind. It ensures your home is free from unwanted pests, making it a safe and sanitary place to live.
**Home Pest Inspection FAQs**
– **Are pest inspections required?** Pest inspections may be required for VA loans or if a home inspection shows signs of pests.
– **Who pays for a pest inspection?** In some cases, like VA loans, the seller may cover the cost. Otherwise, the buyer may decide to get a pest inspection if their home inspector notes signs of pests.
**Conclusion**
A pest inspection ensures your home is free from unwanted critters, making it a safe and sanitary place to live. It’s a relatively affordable step that might be necessary for securing a mortgage.
**Ready to buy a home? Start your mortgage application with O1ne Mortgage Inc. today! Visit [O1ne Mortgage Inc.](https://o1nemortgage.com) or call us at 888-372-8820 to speak with a mortgage expert, request a quote, or apply for a loan.**
**Keywords:** pest inspection, mortgage requirement, VA loan, termite inspection, home inspection, pest control, O1ne Mortgage Inc., mortgage application, home buying process, pest report, structural damage, pest treatment, home safety.
