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Pamphlet 26-7 Chapter 12

12.01  MPR Variations and Exemptions

 

Variations

VA may agree to modify the MPRs where justified by certain conditions common to a particular geographic area or occurring on the site, or where such conditions make compliance impractical or impossible.

 

Exemptions

An MPR for existing construction  can be waived by the VA field office if

 

·   a veteran is under contract to purchase the property, and

·   the veteran and lender request the exemption in writing, and

·   the property is habitable from the standpoint of safety, structural soundness and sanitation, and

·   VA is satisfied that the nonconformity has been fully taken into account by way of depreciation in the VA valuation.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

July 14, 2003                                                                                                                                                                  12-3


Chapter 12- Minimum Property Requirements                                      VA Pamphlet 26-7, Revised

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