Hi all! I am looking for some guidance. My husband and I are in the process of purchasing our first home in WA state. The house we are buying is very rural, in a fantastic area for farming. We are currently renting it out from family, and the family has decided to sell, and are motivated to sell it to us. We are all trying to save money on the purchase, so we are doing a private sale with no real estate agent.

    Some detail on the property – we currently reside in the ‘new’ home on the property, which finished up construction around 2017. There is still the original house on the property, built in 1901. We recently had an inspection done, and there is a lot of work that will need to be done (no central heating system, aspestos, non-grounded electric outlets, and more).

    Here’s where I am losing sleep – we are using the VA loan, and based on everything I’ve read, the old house on the property definitely will not meet the MPRs. We are not using it as a livable property (right now it’s being used as storage). Is there any way this will be able to proceed, given that it is not a lived in structure? Has anyone had a similar experience?

    VA Loan appraisal on rural property
    byu/innaturewetrust inMilitaryFinance



    Posted by innaturewetrust

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