VA Interest Rates VA loan Application Denver Realtor
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. |
Scope of MPRs |
Any reference to “MPRs for existing construction” in this handbook applies to all MPRs outlined in this chapter, except those shown as specifically applicable to “proposed construction.” |
Specially Adapted Housing |
Additional MPRs apply to Specially Adapted Housing program cases. Each VA office has an SAH agent to answer questions. |
Continued on next page
January
1, 2001
12-1
VA
Pamphlet 26-7, Revised
Chapter 12: Minimum
Property Requirements