VAFORMS.NET – VA Form 26-1805 – Request for Determination of Reasonable Value (Real Estate) – VA Form 26-1805 is an important document for veterans and military members who are looking to purchase a home. This form is used to request a determination of the reasonable value of a real estate property from the Department of Veterans Affairs (VA). As part of the VA Home Loan Program, veterans and military members can use this form to ensure that they are getting the best value for their money when purchasing a new home.
Download VA Form 26-1805 – Request for Determination of Reasonable Value (Real Estate)
|Form Number||VA Form 26-1805|
|Form Title||Request for Determination of Reasonable Value (Real Estate)|
|Edition Date||July 2022|
|File Size||880 KB|
What is a VA Form 26-1805?
VA Form 26-1805, also known as the Request for Determination of Reasonable Value (Real Estate), is an important form to be completed by Veterans Affairs (VA) borrowers. This form is used to obtain a determination of the reasonable value of a property when applying for a VA loan. It provides lenders with key information about the property in order to make an informed decision on the amount of funding provided.
The primary purpose of this form is to ensure that veterans are not overpaying for their homes and that they are using their benefits responsibly. It includes details such as location, size, condition, current market trends, and other factors that can influence the price of a home. Completion of this document helps lenders assess if the veteran has obtained proper value for their home purchase or refinance transaction.
Where Can I Find a VA Form 26-1805?
VA Form 26-1805 is an essential document for veterans looking to purchase a home on the GI Bill. This form, also known as Request for Determination of Reasonable Value (Real Estate), helps veterans determine the total reasonable value of a property they wish to purchase. It is important for eligible veterans to complete this form in order to receive their full benefit from the GI Bill program.
VA Form 26-1805 can be found on the U.S. Department of Veterans Affairs website, or by visiting your local VA Regional Office or Eligibility Center. This form should be submitted along with other required documents such as proof of honorable discharge, contract and settlement papers, and additional forms required by your lender when applying for a VA loan. Once approved by the VA, it will help you determine how much money you can spend on purchasing a home using your GI Bill benefits.
VA Form 26-1805 – Request for Determination of Reasonable Value (Real Estate)
If you are a veteran applying for a VA loan to purchase real estate, you must submit VA Form 26-1805, Request for Determination of Reasonable Value (Real Estate). This form will be evaluated by the Department of Veterans Affairs (VA) to determine if the value of the property is within its established lending limits. The VA appraisal process is used to ensure that veterans receive a fair market value for their chosen property.
The form includes several sections that need to be completed before it can be submitted. You will need to provide information such as your name, contact details, and Social Security Number. You will also need to list all parties involved in the purchase, including both buyers and sellers. Additionally, there are sections pertaining to the loan amount requested and relevant tax details.