Finance
A Colorado homebuyer using a VA loan learns their lender is requiring a 'termite inspection' even though the VA does not mandate it in Colorado. The lender is:
AViolating VA loan guidelines
BExercising their own additional requirements, which lenders may do beyond VA minimums✓ Correct
CRequired to waive this requirement upon request
DDiscriminating against VA borrowers
Explanation
While VA loan requirements set minimums, individual lenders (VA-approved lenders) may impose additional requirements (overlays) beyond VA minimums. Borrowers may be able to find a different VA lender with fewer overlays.
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