There are some things that are not covered by any provisions enacted by the Veterans Administration. More importantly, there are a number of situations or conditions that entirely out of the control of the VA to affect or influence in any way.
First, the VA cannot guarantee that a lender will provide financing to the veteran. This is based entirely upon the lender’s discretion. The VA has no authority to compel participating lenders to establish a loan that does not adhere to the lender policy or VA standards.
Second, the VA cannot make an explicit guarantee regarding the structural integrity of the home or make assurances that the property is free of defects. This is the obligation and responsibility of the veteran. Note, that an appraisal is not the same as an inspection. If you want to buy a house but have concerns about its integrity contact qualified residential inspector and have them come out and do a thorough inspection of the property before you commit to buy the house.
Third, if a veteran has a home built, the VA has no authority to force to build to correct any defects or faults in the construction. At the same time, the VA can have the builder suspended from future participation in its home loan programs.
The Veterans Administration deals within a very specific sphere of activities and offer specifically outlined services. These guidelines both establish and place necessary limits on what the VA may do.
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