VA Interest Rates VA loan Application Denver Realtor
Entity |
The property must be a single, readily marketable real estate entity. |
Nonresidential Use |
Any nonresidential use of the property must be subordinate to its residential use and character. If any portion of a property is designed or used for nonresidential purposes, that property is eligible only if the nonresidential use does not ·
impair the residential character of the
property, or · exceed 25 percent of the total floor area. ·
· Note: In making this calculation, the total nonresidential area must include storage areas or similar spaces that are integral parts of the nonresidential portion. |
Space Requirements |
Each living unit must have the space necessary to assure suitable · living · sleeping · cooking and dining accommodations, and · sanitary facilities. |
Mechanical Systems |
Mechanical systems must · be safe to operate · be protected from destructive elements · have reasonable future utility, durability and economy, and · have adequate capacity and quality. |
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January 1, 2001 12-6