VA Updates Virginia Property Forms for Smoother Home Sales
Published Date: 3/16/2026
Notice
Summary
The VA is updating forms used when selling VA-owned homes in Virginia to make sure buyers’ offers and credit info are clear and fair. These changes add nine new forms and update how info is collected, helping the VA pick the best offers and follow state rules. If you’re buying a VA home, expect some new paperwork by April 15, 2026, but no big cost changes.
Analyzed Economic Effects
2 provisions identified: 0 benefits, 1 costs, 1 mixed.
VA Uses Forms To Judge Offers and Credit
The updated VA forms (VA Form 26-6705, VA Form 26-6705b, VA Form 26-6705d, and FNMA1003) will be used to determine the highest net return/cash equivalent value (HNR/CEV) for offers, check prospective buyers' creditworthiness, and record buyer acknowledgment of State law at or before closing. These collections support how the VA decides which offers it accepts for VA-acquired properties in Virginia.
Buyers Face New Virginia VA Forms
If you are buying a VA-owned home in Virginia, expect new and revised paperwork (nine new forms) tied to the sale by April 15, 2026. The VA estimates the collection will create 4,572 hours of burden annually, about 7.91 minutes per respondent, across an estimated 38,040 respondents, and says there will be no big cost changes.
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