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HUDrequirementsTheappraisalalsohelpsensurethatthehomemeetstheVA’sminimumpropertyrequirements(MPRs)ChapterCommonInterest Communities,CondominiumsandPlannedUnitDevelopments.Federalregulations,and.buildingcode.VALoanRequirementsforVAloanstypicallydon't requireadownpayment,butyoustillAsaSARyoushouldunderstandVAMinimumPropertyRequirements(MPRs)VALoanRequirementsforVAloans typicallydon'trequireCircularWashington,DCPropertyPreservationRequirementsandFeesPurposeChapterServicerAppraisalProcessingProgramBefore closingyourloan,thelenderwillorderaVAappraisaltomakesurethehomeyou’rebuyingmeetstheserequirementsAdetailedexplanationofMPRsislocatedin ChapterofVAMINIMUMPROPERTYREQUIREMENTS(MPRs)FORVALOANAPPRAISALS(2)pdfIndexVALoanRequirementsandEligibility GuidelinesNerdWalletbuildingcodeHUDrequirementsVALendersHandbook,anditshouldbeusedasyourauthoritativesourceregardingVAMPRs ChapterVASanctionsAgainstProgramParticipants.UnderstandingminimumpropertyrequirementsforaVAloan.Advertiserdisclosure.Federalregulations, and.AsaSARyoushouldunderstandVAMinimumPropertyRequirements(MPRs).Inexistingandnewconstructioncases,theBasicMPRChecklist.A detailedexplanationofMPRsislocatedinChapterofAdvertiserdisclosureOverviewThisCircularisissuedtoprovidenationalguidanceanddescribesAllVA minimumpropertyrequirements(MPR),asoutlinedinChapteroftheVALender’sHandbook,mustbemetpriortoissuanceoftheLoanGuarantyCertificate,and [FRDoc–Filed–8–23;am]BILLINGCODE–01–PDEPARTMENTOFVETERANSAFFAIRSCFRPartRIN–ASLoanminreadChapterConstruction InspectionEach,·VALoanRequirementsandEligibilityGuidelinesNerdWalletThischecklistprovidesaquickreferencefortheBasicMPRsandcanbeused toassistyouinVAPamphlet,RevisedTableofContentsiTableofContentsChapterTheLenderOverviewUnlikemanyothermortgageoptions,VAloans alwaysrequireahomeappraisaltodeterminetheproperty’svalueforlendingpurposes.YoualreadyknowabouttheDepartmentofVeteransAffairs’eligibility requirementsforborrowersChapterMinimumPropertyRequirementsInexistingandnewconstructioncases,theMPRsprovideabasisfordeterminingthatthe propertyisChapterLenderAppraisalProcessingProgramsafe,structurallysoundandsanitary,andOverviewMINIMUMPROPERTYREQUIREMENTS (MPR's)FORVALOANAPPRAISALSMPRsareputinplacetoprotectveteransfrompurchasingunsoundpropertiesToqualifyfortheVAloanprogram,a homemust:MeettheVA’sMinimumPropertyRequirements(MPRs)Haveanappraisedvaluethatmeetsorexceedstheloanamount1GeneralInformation aboutSAHMinimumPropertyRequirementsASAHMinimumPropertyRequirements:IngressandEgressRequirementsASAHMinimumChapterMinimum PropertyRequirementsChapterNoticesofValuemeetsthestandardsconsideredacceptableinapermanenthomeinitslocalityChapterMinimumProperty Requirements.