Simply defined, a certificate of reasonable value (CRV) is a document that states what the appraiser’s estimate of the property value for a home the veteran wishes to purchase. This makes an appraisal a necessary step to receiving a VA home loan because the amount of the CRV determines the exact amount of the loan.
VA appraisals are available upon request for every party that may be involved in the home purchasing process. There is a simple form available from the Veterans Administration called a VA Form 26-1805, Request for Determination of Reasonable Value. Once you fill this out, you can send it to the Loan Guaranty Division at the closest VA office to be processed. An appraiser will be assigned to make an assessment, which is turned in to the local VA office. You will have to pay a preset fee for the appraiser’s services.
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