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Purpose of MPRs |
VA Minimum Property Requirements (MPRs) provide general acceptability criteria for properties which will become the security for VA-guaranteed loans. In proposed or under construction cases, the MPRs help ensure that the property is constructed according to the applicable · building code · Federal regulations, and · HUD requirements. In existing and new construction cases, the MPRs provide a basis for determining that the property is · safe, structurally sound and sanitary, and · meets the standards considered acceptable in a permanent home in its locality. |
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