minimum property requirements

minimum property requirements

An FHA requirement that a mortgage loan be secured by a property that is livable, soundly built, and suitably located as to the site and neighborhood. If the property does not meet the standards, the FHA may require repairs before providing funding.

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There are minimum property requirements that must be met upon appraisal.
Because of the nature of John's problem--access throughout the home and the house not meeting the minimum property requirements of the SAH program--and he is within 12 months of taking possession of the property, we believe he has recourse through VA.
All homes must also meet the SAH program minimum property requirements for wheelchair accessibility.

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