What is Form 99B?

What is Form 99B?

The HUD NPMA-99B form is a termite-related document. It is submitted for the informational purpose to the builder on new (proposed) construction when soil treatment for the prevention of subterranean termite infestation is specified by the builder, architect or required by the lender, FHA, or VA.

What is NPCA 99A?

form HUD-NPCA-99-A (04/2003) Form NPCA-99-A may still be used. Subterranean Termite Soil Treatment Builder’s Guarantee. This form is completed by the builder.

Does FHA require termite inspection in Florida?

The FHA appraisal is performed by an approved appraiser. This individual must inspect the perimeter of the foundation looking for potential termite infestation. In states where termites are a common problem such as Florida, a termite inspection may be required regardless as to whether evidence of termites was found.

Does VA require termite inspection on new construction?

Are there requirements for new construction homes? If you are using a VA loan to purchase new construction, depending on the state the property may still require a termite inspection and/or a New Construction Subterranean Termite Soil Treatment Record.

What is a 99a form?

This form is submitted for proposed (new) construction cases when prevention of subterranean termite infestation is specified by the builder or required by the lender, the architect, FHA or VA. This form is to be completed by the builder.

Will a bank finance a house with termites?

Lenders will not fund a loan until they receive a statement from a licensed contractor and, if any structural damage does exist, proof that it has been repaired.

Is a WDO required for FHA?

But if you are purchasing a home via FHA loan, VA loan, HUD loan, or other lending institutions, they will typically require a WDO inspection before the mortgage insurance agent will approve the loan. For extensive damage, the mortgage company will likely deny the home loan.

Can buyer pay for VA required repairs?

Can a Buyer Pay for VA Required Repairs? The reality is VA buyers can pay for home repairs needed to close a loan, even if they’re issues related to the VA’s Minimum Property Requirements. To be sure, if the VA appraisal indicates there are repairs needed, buyers should first ask the seller to cover these costs.

What states are termite States?

Top 9 states for termite risk:

• Florida.
• California.
• Hawaii.
• Texas.
• Louisiana.
• Mississippi.
• Alabama.
• Georgia.