VA Appraisal Turn Time in AZ Shorter

VA appraisal turn time in AZ

One of the biggest challenges in the Arizona Mortgage market is the time it takes a VA appraiser to complete a appraisal report.  VA delegates different mandatory appraisal turn times for different marketplaces.  For you technical folks VA pamphlet 26-7, Chapter 11 paragraph 3b requires a VA appraiser to complete an appraisal in a time-frame that is compatible with the length of time it takes for a Conventional appraiser to complete a report in a specific marketplace.  In the Arizona marketplace VA has (in the past) given a 10 day turn time.  That is 10 business days not calendar days.  This is (in part) why sellers and listing agents alike fear accepting VA offers on their property.  That is all changing – for the better or should I say for the shorter.

What is changing?  VA has finally dusted off this rusty old guideline and is stepping into the 21st century of appraisal turn times.  Per VA Loan Guaranty Info Bulletin No.2  No. 26-12-01 VA appraisers will be required as of July 1, 2012 to deliver VA appraisals within 7 business days (down from 10 business days) in the Arizona market (California, Nevada and New Mexico markets too).  The way VA appraisals are delivered to a lender is different than any other type of appraisal.  The VA appraiser uploads the report to VA’s system.  Then, the buyer’s VA mortgage lender retrieves it from VA’s system.  Per this new rule, VA appraisers are required to have the report uploaded to VA’s system by the 7th day.   Here is how VA put it word for word:

EFFECTIVE DATE: July 1, 2012


All origination appraisals must be completed in seven (7) business days from the date the appraisal is ordered. Fee appraisers must upload the completed appraisal report to the VA Portal by the seventh business day or enter an appraiser note in the Portal to be in compliance.

So, starting July 1, 2012 VA buyers pull a bit more even with Conventional buyers with respect to appraisals.  Sellers will not need to fear a long drawn out turn time with VA appraisals when considering a VA buyer’s offer.   Please make sure to educate seller’s on this as they (and their agent) may not know about this change.  Please let me know if you have any questions.


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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. […] than other appraisers based on the property related guidelines set forth by VA.  In addition, VA appraisers fall under the watchful eye of the VA and are NOT managed or selected by a veteran’s chosen […]

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