In this comprehensive guide, we’ll walk through the VA’s septic system requirements, potential issues to watch for, and what to do if problems arise. By understanding these criteria upfront, you can search for homes accordingly and ensure a smooth journey towards closing day., Resources for Understanding VA Loan Septic Requirements: VA Guidelines: The official VA guidelines provide a detailed overview of the requirements. Local Health Departments: Contacting local health departments can provide specific information on septic system regulations in your area., As with a VA appraisal, a NOV is valid for six months. A pest inspection is required for all purchases and cash-out refinances, if applicable for the state. In North Carolina, we do not have a high concentration of pests, and the VA does not require a Termite report in NC., Steps for Issuing the NOV Checklist After determining if an appraisal report is for a purchase transaction, reviewing the sales contract if needed, and reviewing the appraisal report, you are ready to issue the NOV. Issuing the NOV involves several steps. Place a check next to each item as you complete it., When issuing the Notice of Value (NOV), Staff Appraisal Reviewers (SAR’s) and VA Staff Appraisers need to clearly identify the property as a “Site Condominium” project on item #16 of the NOV. MINNESOTA - St. Paul Regional Loan Center, Once the VA has calculated that figure, it issues a document called the Notice of Value (NOV). This tells the lender and the borrower quite a bit when it comes to the asking price of the property. Is it a reasonable price? Does it need to be renegotiated?.