Property Condition Requirements For VA and FHA Mortgages

What Repairs Need to Be Made With FHA and VA Loans

Did you know that when you are purchasing a home with either an FHA or VA loan there are minimum property condition requirements? Lots of buyers, sellers and even real estate agents do not know this. Obviously when you are buying or selling a home with one of these types of financing it is imperative to have an understanding of the loan conditions.

In the article at Maximum Real Estate Exposure, you'll see a detailed overview of the homes condition requirements with an FHA or VA mortgage. Whether you are going to be buying or selling to a buyer who uses one of these financing options it makes sense to understand what the lender will want.

You might very well own a home that does not meet the requirements of the lender. If you have no interest in making repairs it wouldn't make sense to take your home off the market and waste a lot of time.

If you are open to making repairs, you'll be able to have a strong grasp of what the condition needs to be or the repairs made if not. Buyers can also learn the minimum requirements.