Do Arizona Lenders Care About Termites?

Phoenix Arizona Lender Termite requirements

Reticulitermes flavipes – or as we know them TERMITES!   Not something any Arizona home-buyer wants lurking in or around their home.  Most home buyers have a termite inspection done prior to purchasing their dream home.   While buyers definitely care about termites, their mortgage company might not be so concerned.

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Do Arizona Mortgage Lenders Always Require a Termite Inspection? 

The answer depends on the type of loan a buyer is using to finance their new home.  Some loan types require a copy of the termite inspection and some do not unless certain conditions exist.

Arizona VA Home Loan Termite Requirements

A copy of a termite report signed by the veteran buyer is always required on VA home loans in Arizona.  Per the VA, Arizona is considered at or above “medium risk” geographic region with regard to termite infestation.  Learn more here about whether or not a Veteran is allowed to pay for the Termite Report in your state.  VA’s termite report requirements for different states.

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Arizona FHA Home Loan Termite Requirements

A copy of the termite report does not have to be provide to the buyer’s lender.    The lender will only require documentation showing that there termites have been treated/eliminated if and only if the FHA appraiser notes active termite damage in the home on their FHA appraisal.  Learn more here on the official HUD/FHA website.

Arizona Conventional Home Loan Termite Requirements

A copy of the termite report does not have to be provide to the buyer’s lender.    A Phoenix area mortgage lender will only require documentation showing that there termites have been treated/eliminated if and only if the appraiser notes active termite damage in the home on their appraisal.

There you have it!   If you have any questions on termites and if they bug the mortgage company or not please let me know.

By Jeremy House

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Jeremy is the Founder of The HOUSE Team and a Sr. Loan Officer/Branch Manager with PrimeLending. Over the past several years he has ranked in the top 1% of all loan officers nationwide and one of the top 200 loan officers in America. In the mortgage industry, the devil is in the details. Jeremy prides himself on being a student and an expert when it comes to everything mortgage related.

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  1. […] CARE ABOUT TERMITE RELATED CHARGES? Various mortgage guidelines view termites differently.  Click here for a quick recap of how each different Phoenix AZ Home Loan views termites and termite reports. […]

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