Conventional vs. FHA vs. VA Appraisals
By JC Pacific Corp Published 2026-09-01 Last professionally reviewed: September 2026
Conventional, FHA and VA loans may use different appraisal and property-eligibility requirements. Buyers should ask the lender which standards apply to the specific loan and property.
Conventional Appraisal
A conventional lender generally evaluates value, marketability and property eligibility under its program and investor requirements.
FHA Appraisal
An FHA appraisal includes valuation and observations related to FHA minimum property requirements. It is still not a complete home inspection.
VA Appraisal
A VA appraisal evaluates value and applicable minimum property requirements for the VA loan program. VA also maintains specific valuation procedures, including processes that may apply when value concerns arise.
Why Do These Differences Matter?
Certain property conditions may:
- Require repair
- Delay closing
- Affect loan eligibility
- Require additional inspection
- Lead to negotiation
- Cause the buyer to consider another loan
Frequently Asked Questions
Is an FHA or VA appraisal a home inspection?
No. Buyers should still obtain an independent inspection.
Does a conventional loan accept every property condition?
No. Conventional lenders also have property requirements.
Can the seller refuse lender-required repairs?
The seller may decline to perform repairs, but the loan may then be unable to close unless another acceptable solution exists.
Discuss visible condition and property type with the lender before assuming a particular loan program will work.
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JC Pacific Corp is an Irvine-based Southern California brokerage helping buyers navigate offers, escrow, and financing. Tell us what you are looking for and we will point you to current options across the region.
A note on legal advice: These guides provide general, educational information about California real estate practice. They are not legal advice and do not create an attorney-client relationship. Mortgage information is general education, not individualized lending, tax or legal guidance. For advice about your specific offer, contract, closing or financing, consult a qualified California real estate attorney and a qualified mortgage professional.