“No VA buyers” but FHA OK?!?!?

[AK]

Other than the usual obscure HUD policy letters I’ve found precious little authoritative information on FHA and VA repair requirements, let alone on the differences between the two. Anyone got any linkage to any sites where these differences are documented?

[NotCranky]

[quote=AK]Other than the usual obscure HUD policy letters I’ve found precious little authoritative information on FHA and VA repair requirements, let alone on the differences between the two. Anyone got any linkage to any sites where these differences are documented?[/quote]

http://www.warms.vba.va.gov/pam26_7.html

Chapter 12 is most important VA calls its requirements MPR’s Minimum Property Requirements. They are very similar to FHA which can be found by searching General Acceptability requirement in

4105.2 and 4905.1 at HUDclips.http://www.hud.gov/offices/adm/hudclips/index.cfm

Basically these requirements are noted at the appraisal level with the underwriter having primary responsibility. Right now FHA is not hard, it is being promoted everywhere. VA is probably tougher but talk to your loan originator.

[NotCranky]

[quote=AK]Other than the usual obscure HUD policy letters I’ve found precious little authoritative information on FHA and VA repair requirements, let alone on the differences between the two. Anyone got any linkage to any sites where these differences are documented?[/quote]

http://www.warms.vba.va.gov/pam26_7.html

Chapter 12 is most important VA calls its requirements MPR’s Minimum Property Requirements. They are very similar to FHA which can be found by searching General Acceptability requirement in

4105.2 and 4905.1 at HUDclips.http://www.hud.gov/offices/adm/hudclips/index.cfm

Basically these requirements are noted at the appraisal level with the underwriter having primary responsibility. Right now FHA is not hard, it is being promoted everywhere. VA is probably tougher but talk to your loan originator.

[NotCranky]

[quote=AK]Other than the usual obscure HUD policy letters I’ve found precious little authoritative information on FHA and VA repair requirements, let alone on the differences between the two. Anyone got any linkage to any sites where these differences are documented?[/quote]

http://www.warms.vba.va.gov/pam26_7.html

Chapter 12 is most important VA calls its requirements MPR’s Minimum Property Requirements. They are very similar to FHA which can be found by searching General Acceptability requirement in

4105.2 and 4905.1 at HUDclips.http://www.hud.gov/offices/adm/hudclips/index.cfm

Basically these requirements are noted at the appraisal level with the underwriter having primary responsibility. Right now FHA is not hard, it is being promoted everywhere. VA is probably tougher but talk to your loan originator.

[NotCranky]

[quote=AK]Other than the usual obscure HUD policy letters I’ve found precious little authoritative information on FHA and VA repair requirements, let alone on the differences between the two. Anyone got any linkage to any sites where these differences are documented?[/quote]

http://www.warms.vba.va.gov/pam26_7.html

Chapter 12 is most important VA calls its requirements MPR’s Minimum Property Requirements. They are very similar to FHA which can be found by searching General Acceptability requirement in

4105.2 and 4905.1 at HUDclips.http://www.hud.gov/offices/adm/hudclips/index.cfm

Basically these requirements are noted at the appraisal level with the underwriter having primary responsibility. Right now FHA is not hard, it is being promoted everywhere. VA is probably tougher but talk to your loan originator.

[NotCranky]

[quote=AK]Other than the usual obscure HUD policy letters I’ve found precious little authoritative information on FHA and VA repair requirements, let alone on the differences between the two. Anyone got any linkage to any sites where these differences are documented?[/quote]

http://www.warms.vba.va.gov/pam26_7.html

Chapter 12 is most important VA calls its requirements MPR’s Minimum Property Requirements. They are very similar to FHA which can be found by searching General Acceptability requirement in

4105.2 and 4905.1 at HUDclips.http://www.hud.gov/offices/adm/hudclips/index.cfm

Basically these requirements are noted at the appraisal level with the underwriter having primary responsibility. Right now FHA is not hard, it is being promoted everywhere. VA is probably tougher but talk to your loan originator.

[AK]

I see this old thread got linkage from another blog:

http://sandiegohomeblog.com/2009/09/03/fha-no-no/

and indirectly through bubbleinfo.com.

I’m seeing fewer “No VA” listings these days. Maybe listing agents and sellers are losing their anti-VA bias. Maybe they just want more and higher offers to use as negotiating tools with the preferred cash and conventional buyers. I mean, who cares what the terms of an offer are if you’re just using it to screw the one guy with an escalation clause 🙂

[AK]

I see this old thread got linkage from another blog:

http://sandiegohomeblog.com/2009/09/03/fha-no-no/

and indirectly through bubbleinfo.com.

I’m seeing fewer “No VA” listings these days. Maybe listing agents and sellers are losing their anti-VA bias. Maybe they just want more and higher offers to use as negotiating tools with the preferred cash and conventional buyers. I mean, who cares what the terms of an offer are if you’re just using it to screw the one guy with an escalation clause 🙂

[AK]

I see this old thread got linkage from another blog:

http://sandiegohomeblog.com/2009/09/03/fha-no-no/

and indirectly through bubbleinfo.com.

I’m seeing fewer “No VA” listings these days. Maybe listing agents and sellers are losing their anti-VA bias. Maybe they just want more and higher offers to use as negotiating tools with the preferred cash and conventional buyers. I mean, who cares what the terms of an offer are if you’re just using it to screw the one guy with an escalation clause 🙂

[AK]

I see this old thread got linkage from another blog:

http://sandiegohomeblog.com/2009/09/03/fha-no-no/

and indirectly through bubbleinfo.com.

I’m seeing fewer “No VA” listings these days. Maybe listing agents and sellers are losing their anti-VA bias. Maybe they just want more and higher offers to use as negotiating tools with the preferred cash and conventional buyers. I mean, who cares what the terms of an offer are if you’re just using it to screw the one guy with an escalation clause 🙂

[AK]

I see this old thread got linkage from another blog:

http://sandiegohomeblog.com/2009/09/03/fha-no-no/

and indirectly through bubbleinfo.com.

I’m seeing fewer “No VA” listings these days. Maybe listing agents and sellers are losing their anti-VA bias. Maybe they just want more and higher offers to use as negotiating tools with the preferred cash and conventional buyers. I mean, who cares what the terms of an offer are if you’re just using it to screw the one guy with an escalation clause 🙂

[Author]

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