Lender Required Repairs

      Lender required repairs are those items (including deferred maintenance items, which in the appraiser’s opinion, need to be addressed. The type of loan, which you are applying for, will determine how strict the standards will be. The best way to think of it, would be that conventional has the least restrictions, FHA loans are middle of the road, and VA loans are the toughest. The way this affects you, is that if you are interested in finding a fixer-upper property so you could do the repairs, you would have to opt for conventional financing, and never VA. By the way, this doesn’t mean that conventional financing has NO requirements. The requirements on a conventional loan just happen to be less demanding