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...
View ArticleVA Appraisals and Minimum Property Requirements For Homes To Be Purchased...
VA loan rules for appraisals include something known as 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...
View ArticleVA 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...
View ArticleVA 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. Appraisals can only be carried out for VA home loans on...
View ArticleVA Loan Minimum Property Requirements: A Reader Question
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 loan and...
View ArticleVA 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...
View ArticleVA 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...
View ArticleVA 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...
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