VA Lenders Handbook (VA Pamphlet 26-7), Chapter 10, Topic 13 — Proposed Construction Appraisal from a Model Home
VA Lenders Handbook (VA Pamphlet 26-7), Chapter 10, Topic 13 — Proposed Construction Appraisal from a Model Home.
Verbatim regulatory text
Verbatim provisions from VA Lenders Handbook (VA Pamphlet 26-7), Chapter 10, Topic 13 — Proposed Construction Appraisal from a Model Home — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.
VA Pamphlet 26-7, Chapter 10 (Appraisal Process), Topic 13 — Proposed Construction Appraisal from a Model Home
Topic 13. Proposed Construction Appraisal from a Model Home Change Date: March 11, 2019 This Chapter has been revised in its entirety. a. Notification to Appraiser When ordering the appraisal, the lender must enter the full legal description of the subject property in the legal description block on the appraisal request form in WebLGY followed by "APPRAISAL FROM MODEL HOME." This will alert the fee appraiser of the procedure to be followed. b. Model Home Requirements The model home must be: fully completed, the same plan type as the subject home (reversed plans are acceptable), located in the same market area, and readily accessible to the assigned fee appraiser. c. Contact Information for Model Home Access Contact information for the sales office or an individual who can provide the appraiser with access to the interior of the model home must be provided on the appraisal request. d. Differences between Subject and Model Home The appraiser must be provided with information concerning any differences in customer preference items, upgrades, or additional features between the model home and the subject property. e. Statement on the Appraisal In the "Comments" section at the bottom of page 1 of Fannie Mae Form 1004, Uniform Residential Appraisal Report (URAR), the fee appraiser must insert the following statement: "Appraisal from Model Home. Value has been based on an inspection of a model home of the same plan type as the subject. Construction to be completed according to contract dated__________." f. NOV Requirements When issuing the NOV, the SAR must: issue the NOV under the guidelines for proposed construction (since the model home was used to illustrate the property instead of plans), and place the following condition in item 16 of the NOV: "Appraisal from Model Home. Construction to be completed according to contract dated__________. Appraiser is to be contacted for Final Inspection and to provide a statement verifying satisfactory completion."
Get this regulation in your AI window
Retired VA chapter text stays online for years. An assistant will blend a superseded topic with a live one and cite neither.Put the verbatim text and its effective date in front of your assistant, instead of whatever it remembers.
Open in Claude Open in ChatGPT
Open in Claude shows the one-time setup: paste one address, no account with us. Open in ChatGPT asks ChatGPT about this page, with no setup. Either way it’s free.
The VA loan QC playbook uses this rule. Run it in your AI window →
Get notified if this rule changes
One email when VA Lenders Handbook (VA Pamphlet 26-7), Chapter 10, Topic 13 — Proposed Construction Appraisal from a Model Home changes: what changed, the new verbatim text, and the effective date. Nothing else.
Double opt-in: we send a confirmation link first. Following one section does not subscribe you to anything else. Privacy.
Source of record: https://claudeforcompliance.com/regs/va-m26-7-ch10-t13/
· register va-m26-7-ch10-t13 · verbatim, source-snapshotted regulator text from the
Claude for Compliance corpus. To work from every register at once, download the corpus
and follow the methodology.