Articles and news about VA loans and HUD requirements. VA loans are a great way to buy a home with no down payment.

Tag Archives: VA appraisal rules

VA Loan Minimum Property Requirements

VA Loan Minimum Property Requirements

A reader asks, “Can anyone tell me if a VA loan requires that the outside walls of my garage be drywalled on the inside of the garage? We are selling our home to a couple who is getting a VA...

VA Appraisal Basics

VA Appraisal Basics

VA loan rules for appraisals are found in the VA Lender’s Handbook Chapter 10, which explains a great deal about the process and what’s required. VA appraisals can only be carried out for VA home loans on properties that are...

VA Updates Appraisal Requirements To Include Foreclosed Properties

VA Updates Appraisal Requirements To Include Foreclosed Properties

The Department of Veterans Affairs has issued a “re-affirmation” of its appraisal rules to remind borrowers and lenders about the appraisal requirements for foreclosed properties. According to VA Circular 26-14-5,”This Circular reaffirms Department of Veterans Affairs (VA) policy that all...

VA Minimum Property Requirements For Homes To Be Purchased With VA Loans

VA Minimum Property Requirements For Homes To Be Purchased With VA Loans

VA loan rules for appraisals include something known as VA Minimum Property Requirements or MPRs. These MPRs are only part of the rules that apply to a home to be purchased with VA mortgage loans–state and local building codes must...

VA Minimum Property Requirements: Common Issues

VA Minimum Property Requirements: Common Issues

The Department of Veterans Affairs has a rulebook for VA home loans which includes a list of minimum property requirements that are used to guide VA appraisals. One of the most frequently asked questions about VA home loans in general...

VA Appraisal Requirements

VA Appraisal Requirements

We get many questions about VA appraisals. Some of the most common include specific queries about conditions such as peeling paint, houses equipped with fuse boxes, homes with septic tanks or well water systems, and many other topics.

VA appraisals are...

VA Appraisal Rules: What’s The Deadline For a VA Appraisal?

VA Appraisal Rules: What’s The Deadline For a VA Appraisal?

We get many reader comments about VA home loans and are always happy to answer questions about the process. One common question involves the length of time it takes to get a VA appraisal done. Some borrowers want to know...

VA Home Loan Questions: What About Termite Inspections?

VA Home Loan Questions: What About Termite Inspections?

When it comes to VA appraisals, minimum property requirements and VA regulations on "wood destroying pests", the VA only requires pest inspections on existing construction when there’s a “moderate to heavy” potential for infestation.

How does the Department of Veterans Affairs...