VA Loan Minimum Property Requirements For Electrical Systems
When buying a home with a VA insured mortgage loan, the property must meet a set of minimum property requirements as spelled out by the Department of Veterans Affairs.
This raises many questions for home buyers and potential VA loan applicants. After all, nobody wants to find a home they really want to buy only to discover it doesn’t meet the minimum standards–borrowers want to know what to expect when it comes to the rules in this area with good reason.
In some areas where older homes are available, the question of electrical systems and VA minimum property standards comes up quite often. What does the VA require when it comes to an older electrical system? Can a borrower purchase a home with an old-fashioned fuse box as opposed to a more modern breaker system?
According to the VA official site, there is no specific standard in such cases–the VA does not make a blanket declaration stating that “all homes with fuse boxes are ineligible for VA insured loans” or that “all homes with modern electrical systems meet VA minimum property requirements”.
Instead, the VA defers to the local regulatory agencies and building codes. According to the Department of Veterans Affairs official site, “For acceptability of an electrical system you must contact the local authority. The VA requirement is for safe, adequate and acceptable to the local authority. The local authority is responsible for enactment of electrical codes and enforcement.”
When it comes to homes with older fuse-box systems, the VA states clearly, “If a fused electrical system is acceptable to the local authority it is acceptable to VA.” Check with your local building codes to determine what is acceptable in the local market.