Since 
their introduction in 1944, mortgages backed by the Department of Veterans Affairs (VA) have enabled millions of veterans and active-duty military to buy a home without a large down payment. While VA loans weren't always easy to underwrite, the process has seen major improvements over the past ten years.
Now, more improvements may be ahead, and we've been invited to share details of our experiences with these loans with the VA.
The VA is asking for public comments about their Local Requirements, also known as Minimum Property Requirements or MPRs. These include anything from required termite inspection reports to state-specific nuances. VA's official notice is here. Be sure to study the entire bulletin before visiting the Comments section.
To access the VA documents and add your comments, click here.
Considering that agents have few opportunities to comment on government-sponsored mortgage programs, I hope you'll take a few minutes to share your views and ideas. Comments must be posted on or before February 9, 2024
