How The NAR Settlement Affects VA Home Buyers
How The NAR Settlement Affects VA Home Buyers https://www.youtube.com/watch?v=pY5EG1q5NW0 The National Association of Realtors settled the commission lawsuit on March 15, 2024. Here are the
Carlos Scarpero- Dayton and Cincinnati Ohio Mortgage Broker
If you are trying to buy a home using VA Mortgage financing, you may be wondering about the property requirements. Sadly, many Realtors make it sound like the minimum property requirements are way worse than they actually are.
Also, keep in mind that if you find a home that does not meet the requirements, it will not cause loan denial. The owner will simply need to fix the deficient items before closing.
Here is a checklist of items that the VA approved appraiser will be looking for to make sure that the minimum property requirements (MPR)s are met.
These requirements are outlined in more detail in the VA Handbook Chapter 12
As you can see, all these requirements are very reasonable. Unless you are buying a home that needs a massive amount of work, these requirements can easily be met.
Keep in mind that every rule the VA has in place is for the Veteran’s benefit. This is a good thing. The VA wants to see Veterans protected!
Click here to download a PDF version of the checklist
If you have any questions or concerns, please do not hesitate to reach out to me at 937-572-3713 or cscarpero@edgehomefinance.com.
How The NAR Settlement Affects VA Home Buyers https://www.youtube.com/watch?v=pY5EG1q5NW0 The National Association of Realtors settled the commission lawsuit on March 15, 2024. Here are the
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