va loan requirements negotiating repairs

VA Loans

Navigating VA Loan Requirements: How to Negotiate Repairs with Sellers

Picture this: you’ve found the perfect home and you’ve already been prequalified for a VA loan. But in order to meet VA loan requirements, the home is going to need some repairs. In this type of situation, usually, the buyer will need to negotiate with the seller to get them to cover the cost. Below, we’ve shared some tips and insights about how to navigate the process. 

Negotiating Repairs when Buying a Home with a VA Loan

Negotiating the purchase of a home using a VA loan that requires repairs can be a bit complex due to the strict guidelines imposed by the VA regarding the condition of the property. Here are some tips and strategies to help you through the process:

  • Work with an Experienced Agent: First and foremost, you need to choose a real estate agent who has expertise with VA loans and understands their specific requirements. They can guide you through negotiations and ensure compliance with VA standards.
  • Get an Inspection: Before negotiating, have the home inspected by a professional who understands VA appraisal standards. They will help you identify all necessary repairs that the property must undergo to meet VA loan requirements.
  • Obtain a VA Appraisal: A VA appraisal not only provides an estimate of the value of the home but also checks its condition against the VA’s Minimum Property Requirements (MPRs). This appraisal will formally list any repairs needed to meet these standards.
  • Negotiate Repairs: Use the inspection and appraisal reports to negotiate with the seller. Request that they complete the required repairs or ask for a price reduction to cover repair costs. Keep in mind, that the VA does not allow buyers to pay for certain repairs.
  • Consider a VA Renovation Loan: If negotiations for repairs are not feasible, you could look into a VA renovation loan. This type of loan combines the purchase price with the cost of renovations into a single mortgage.
  • Be Prepared to Walk Away: If the seller is not willing to work with VA loan requirements and the necessary repairs are extensive, it might be in your best interest to consider other properties. Your ability to walk away plays a crucial role in your negotiating power.


Work with a VA Lender You Can Trust

Mortgage Solutions Financial is here to help you navigate VA loan requirements and achieve your dream of homeownership. Call today to speak to one of our experienced staff members and get started with the application process.