Purpose

The purpose of VA inspections during construction is to ensure that all onsite and offsite improvements have been acceptably completed according to

·   the construction exhibits on which the VA value estimate is based, and

·   VA Minimum Property Requirements (MPRs) per Chapter 12.

Consequences of Inspections

A lender may close a loan based on a “clear” final inspection report.

Deviations from the construction exhibits may necessitate revision of the VA value estimate, if appropriate.

Properties that fail to meet VA MPRs will not be acceptable as the security for a VA loan.