Does Va Require Flooring

Minimum property requirements.

Does va require flooring. Va pamphlet 26 7 revised chapter 12. If the improvement does not meet mprs it must be excluded from value. Those mprs cover a range of important things and are in place to ensure the safety and health of military home buyers. Before installing new laminate floors there are countless factors to take into consideration in order to lay the flooring properly.

Mprs are the minimum standards that the home needs to meet for va to accept the loan. According to the va a wood destroying insect inspection is required in low rise and high rise units only when the fee appraiser observes a potential problem. By chris birk updated on october 29 2019. If you plan to buy a home with a va home loan you should know about va s minimum property requirements or mprs.

The va mprs require a property to be free of hazards that can hurt the occupants or prevent them from using and enjoying the property. The va utilizes a set of minimum property requirements that must be addressed before a loan can receive the agency s guarantee. She has done the appraisal as is but stated floor covering is required. Solar systems and wood burning stoves count as primary heat systems but a backup heat source will be necessary.

Minimum property requirement procedures continued. The cost approach may be useful in supporting the sales comparison approach in an appraisal of a new manufactured home in a rural area that has only recent sales of stick built homes and much older manufactured homes. Va does not require the completion of the cost approach unless it is applicable to the appraisal. This is a short sale and appraiser has made comment that carpet in master bedroom has been removed and has bare concrete floors yet does not pose a health hazard.

Detached sheds or other improvments on the site may be included in value if the improvement meets va s mprs. If the home does not meet mprs it will need to be repaired to these standards or the loan will not be approved. A reader asks i have an appraisal prepared by fha approved appraiser. Va borrowers can pay this fee on any va refinance loan type.

Termite inspections for condos. With the exception of properties in certain warm climates the va property requirements state that homes must have a heating system capable of warming the interior to at least 50 degrees fahrenheit. While the va loan process consists of multiple steps the appraisal process can prove the most frustrating for some service members. From laying laminate flooring to clicking planks into place to installing the molding you have complete access to your flooring project every step of the way.

For more info contact a va approved lender.