The VA Home Loan is an incredible benefit for service members, veterans, and eligible spouses, offering zero down payment, no private mortgage insurance (PMI), and competitive interest rates. But what if the home you love needs a little (or a lot of) TLC?

Here’s what you need to know about using a VA Loan for a fixer-upper:

✅ Move-In Ready Requirement: Traditional VA loans require the home to meet minimum property requirements (MPRs), meaning it must be safe, sound, and sanitary. If the home needs major repairs, it might not qualify.

✅ VA Renovation Loan Option: The VA Renovation Loan (or VA Rehab Loan) allows buyers to roll in the cost of repairs, but it must stay within lender limits and focus on approved improvements like roofing, flooring, electrical, plumbing, and safety upgrades.

✅ Alternative Routes: If a home needs extensive renovations, another option is a VA Construction Loan or looking into renovation-friendly programs like FHA 203(k) or conventional options.

Fixer-uppers can be a great investment, but it’s important to work with a lender and real estate agent who understand the VA Loan process. If you’re considering a home that needs work, I’d love to help you explore your options!

📞 Call/Text: (210) 426-7070

📧 Email: johnfatheringham@yahoo.com

🏡 Thinking about buying or selling in San Antonio? Let’s chat!