VA Minimum Property Requirements Update: Water and Sewage
The Department of Veterans Affairs has a VA minimum property requirements update for water and sewage. In VA Circular 26-13-24, we find an update that includes the following:...
VA MPRs
VA Loan Minimum Property Requirements: Asbestos
After viewing a recent post about VA minimum property requirements and appraisals, one reader asks, "What about asbestos shingles on an older home?" Assuming the reader is asking...
VA Minimum Property Requirements for Multi-Family Units
VA loans aren't just for single family dwellings -- did you know there are VA loans available for properties with up to four units? The borrower must certify...
VA Appraisal Requirements For Water Supply To The Home
One common question we often get regarding VA appraisal requirements for homes to be purchased with a VA guaranteed mortgage loan involves the question of what types of...
VA Loan Minimum Property Requirements: Are There Exceptions?
The Department of Veterans Affairs has a set of standards for all properties to be purchased with a VA-insured home loan. The VA will not approve loans for...
VA Loans, Converted Garages, and State/Local Code: A Reader Question
A reader asks, "Can you buy a home VA financing with a converted garage? No permit was pulled but a lic contractor did the work. Can we put...
VA Appraisals And Electrical Systems In The Home: A Reader Question
A reader asks, "I just bought a home using a VA Loan and just found out that the electrical circuits are not grounded. Is this something that should...
VA Loans Reader Question: VA Minimum Property Requirements
Over the holiday break, a reader question came in asking about the specifics of VA Minimum Property Requirements, also known as MPRs for short. "I would like a...
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...
VA Loan Rules For Lead Paint
In several recent posts, we've discussed the VA appraisal process and what it means to have a home reviewed by a VA assigned fee appraiser. The appraisal is...