VA Amends and Enhances Policy with respect to Loans for Alteration and Repair

VA issued Circular 26-18-6 (Circular), amending and enhancing policy with respect to loans used for alteration and repair. The intent of the new policy is to encourage lenders to make VA-guaranteed loans to veterans who wish to purchase or refinance a home that is in need of alteration and/or repair. The Circular sets forth the general process lenders must follow when processing a loan for alteration and repair. The amended policy is effective immediately.

Click Here to View the VA Circular 26-18-6

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