So you’re wanting to use a VA Home Loan in order to purchase a house. While the VA can be very helpful in providing home loans for veterans, there are still a few requirements to meet before you’re on your way. Those who are specifically applying for a VA home loan will most likely not be approved for a loan unless their property is able to meet the minimum property requirements (While it is true that there may be certain situations where the Department of Veterans Affairs might waive its minimum property requirements, most of the requirements will not qualify for a waiver since they may directly affect the health of safety of any occupant of the home itself).

According to the VA rules, properties that have been evaluated by a VA appraiser must be completely free of any hazards of defects. Any issue that might have a potentially negative effect on the health of the future occupants must be addressed before moving forward. Some of the more common issues involve problems with the foundation, dampness or drainage. While they may not seem like critical issues, each of these has a direct relationship to the future value of the property as well as the health and safety of the occupants. The rules are designed to protect the investment and to protect the buyer from unsafe or unsanitary conditions.

While these issues can be difficult to navigate for the first time home buyer, having a quality mortgage lender by your side who understands the process can go a long way in helping to make your fist purchase a success. If you’d like more information on the process and how we can help you on your journey towards home ownership, contact our offices in Joplin, MO today and let us help you acquire the home of your dreams.