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Buying & Selling Real Estate

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Michael Dunn
  • Olive Branch, MS
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452
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VA Loan and Property needing ( Minor ) repairs!

Michael Dunn
  • Olive Branch, MS
Posted Sep 9 2019, 11:11

VA Loan use question:

I know that in order to use a VA Loan, you can only use it on a Property that is "Move in Ready"

Is there a way to still use your VA loan, if the Property needs Minor Repairs ( Under say $2,000 )?

If you can use it with minimal needed Repairs in order for the House to pass and Qualify for VA loan standards, how would those Repairs be Paid ........... Can you as the Buyer front the Money to make the needed Repairs? Can you and the Seller negotiate them paying for and doing the needed Repairs ( and then just add this cost to the Loan )?

Is it Lender dependent on how how they will handle minor Repairs needed in order to pass the VA standards?

I really appreciate all of the help - Thank you