VA appraisals

VA Loan Minimum Property Requirements: Some Basics

June 12, 2014

VA Loan Minimum Property Requirements: Some Basics

105-logoOne of the most important steps towards getting a VA loan comes after you find the home you want to buy with your VA loan benefit, make an offer, and approach the lender.

In order to get your VA loan approved, the home for sale must be appraised by a VA fee appraiser who will look at the property to determine its fair market value and insure that it meets VA minimum property requirements.

Those requirements, also known as VA MPRs, are listed in VA Pamphlet 26-7, Chapter 12. The MPRs don’t try to specifically list every type of problem, situation, or correction required. Instead, it offers a set of general guidelines in some cases, more specific rules in others, and also relies on compliance with state or local building code.

The property that does not meet state or local building code can’t be approved for a VA loan until corrections listed by the appraiser are made and reviewed. The same goes for properties that don’t conform to the VA MPRs listed in Chapter 12.

What are some of those MPRs? The basics are pretty simple. Chapter 12 requires all properties to be approved for a VA home loan to be “safe, structurally sound and sanitary”. Chapter 12 also requires the home to meet, “the standards considered acceptable in a permanent home in its locality.”

Some of the more specific MPRs could, depending on the circumstances, be waived. Chapter 12 states, “An MPR for existing construction can be waived by the VA field office if

  • A veteran is under contract to purchase the property, and
  • The veteran and lender request the exemption in writing, and
  • The property is habitable from the standpoint of safety, structural soundness and sanitation, and VA is satisfied that the nonconformity has been fully taken into account by way of depreciation in the VA valuation.”

VA MPR requirements in Chapter 12 also say, “Each living unit must have the space necessary to assure suitable

  • Living
  • Sleeping
  • Cooking and dining accommodations
  • Sanitary facilities.”

Some borrowers want to know if there are specific guidelines for the above, but in many cases state or local building code would have more detail that’s applicable. VA refers questions on such building code issues to the local authority and does not keep reference copies of state or local code.

Do you have a question about VA home loans? Ask us in the comments section.

  1. Carlos J Tirado

    Hello, I live in Puerto Rico and I want to know more information about home loan in Orlando Florida. If posible in spanish please. Thanks

    • Joe Wallace

      You can explore your VA loan options and pre-approval options at which is a private company and not a government agency.

  2. Anthony Sylvia

    I previously used my VA benefits to purchase a home approximately 40 years ago and paid it off when I sold the home. Now, because of my limited income but a fair amount of savings and IRA account I am looking into buying a used manufactured home in Sun Lakes, Arizona. My question is whether VA loans are available for that type of dwelling? Anthony Sylvia

    • Joe Wallace

      VA loans for manufactured homes are technically available under the VA loan program but many lenders are unwilling at the moment to offer them--you would have to find a lender willing to work with you on this type of VA loan.

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