: If a property needs work to meet MPRs, you might consider a VA Renovation Loan , which bundles the purchase and repair costs into one mortgage.

: Foreclosures from FHA-insured mortgages are listed on the HUD Home Store and can often be purchased with VA financing. Major Challenges to Consider

: Always include this in your offer. It protects your earnest money if the appraisal value comes in lower than the contract price.

: The home must be habitable immediately upon closing.

: The roof and foundation must be free of major defects.

: There can be no health hazards like lead-based paint, mold, or exposed wiring.