The VA Appraisal Modernization Act aims to enhance the efficiency and availability of appraisals for housing loans guaranteed by the Department of Veterans Affairs. It mandates the Secretary to establish baseline appraisal fees and adjust them annually starting January 1, 2027, based on the Federal Housing Finance Agency's House Price Index. These adjusted fees must be published, and appraisers on the VA's list must be directly notified. The bill introduces specific provisions for high-demand counties and remote counties , which the Secretary must designate and update quarterly. High-demand counties are identified by slow appraisal completion times or insufficient appraiser availability, while remote counties have low appraiser density or require extensive travel. Appraisers in these designated counties will receive increased appraisal fees, ranging from 125% to 150% of the standard fee, and will also be reimbursed for round-trip mileage at the General Services Administration rate. Furthermore, the legislation requires the Secretary of Veterans Affairs to submit a report to Congress within 180 days of enactment. This report must estimate the impact of the new appraisal fee structure on government expenditures, the size of the VA's appraiser network, appraisal completion times in high-demand areas, and the overall use of VA housing loans. Additionally, the Secretary must conduct a study on the feasibility of procuring appraiser contracts in underserved areas and aligning the VA appraisal process more closely with that of the Federal Housing Administration, with results to be reported to Congress.