FHA loans are government-insured mortgages with less-rigorous criteria. Popular with first-time homebuyers, FHA home loans require lower minimum. by an FHA-approved appraiser and meets HUD property guidelines.
The VA Minimum Property Requirements (VA MPR) exist to establish whether a property has the basic necessities that make it safe for daily living.Your appraiser will examine whether the home can contribute to your overall health when it comes to major issues like clean drinking water and a running septic system.
Application of Minimum Property Requirements and Minimum Property Standards.. (8) FHA Appraisal Requirements in Changing Markets .