Can you get a loan for a house sold as-is?

In short, yes. You can get a mortgage loan for a property sold as-is. However, depending on the loan, the home must meet different minimum property requirements.

What makes a house uninhabitable for a mortgage?

Some general rules are that the home must be safe and structurally sound, and all rooms must have a functioning heat source. You can read the Department of Housing and Urban Development’s (HUD’s) minimum property standards handbook for more details.

Can you buy an “as-is” house with a VA loan?

Yes, but the Department of Veterans Affairs has stringent minimum property requirements. “As-is” homes must have potable water, functional heating, a water heater, a good sewage system, a reliable roof and be pest-free.

What is the difference between a foreclosed home and an “as-is” home?

A lender sells a foreclosed home; an “as-is” home still belongs to the seller. Buying a foreclosed home is different from buying a home directly from a seller.