Home Buying in Adams Park>Question Details

Oftrue, Home Buyer in College Park, GA

Will the VA approve a my loan, if the house looks perfect, and move in ready, but the bonus room is unfinished?

Asked by Oftrue, College Park, GA Thu Mar 14, 2013

This question was asked from this property: http://www.trulia.com/property/3009529993-1630-Boulevard-Lor…

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Hi Oftrue,

Thank you for your service.

I looked at the listing & the bonus room is really just the attic that is being converted into additional rooms. In my opinion the bonus room wouldn't need to be finished for a VA approval because it's not part of the actual living space. You could finish it later or leave it as is and use it as an attic.

The rest of the house is amazing & for that price seems like a steal.

Check out my recommendations here on Trulia from some of my past clients by clicking the following link.


Please feel free to contact me for more information or help. You can also find info on my VA Mortgage website by clicking the link below.

John Burke
Senior Mortgage Banker
Peoples Bank & Trust
1 vote Thank Flag Link Fri Mar 15, 2013
Thanks John, dang this property was listed for only 7 days, and my agent inform me today that its under contract. I just got my pre approval level of $150,000 at 3.5 on Tuesday, and discovered this property today on 3/15/2013. Hopefully I will still have a shot. Meeting my agent for my buyer consultation on 3/16/2013.
Flag Fri Mar 15, 2013
Most likely you will be able to; however, take a picture of the room and submit to your mortgage company and discuss the situation.
1 vote Thank Flag Link Fri Mar 15, 2013
Where is the bonus room located? If it is at the terrace level or basement and its studs and no flooring then probobly not. If its in the actual living area, say on the second floor then it might be problematic. Here is what you may want to do. Contact the VA and ask them as they can give you a definitive answer. If I can be of any more help to you, please contact me.
0 votes Thank Flag Link Fri Mar 15, 2013
Is the bonus room a bedroom that is framed and unfinish? Give me a call in the AM and i will get you the underwriters guidelines.

BUYING A HOME (The process start with the Banker not the Realtor)

Start the process right 1st by talking to a Licensed Mortgage Professional to determine who much home you can afford and whether you are credit wordy and is there an ability to repay the loan.

The Mortgage Professional will give you a conditional approval letter to take to the realtor.

Once the realtor has found your home you should get it inspected to determine if it’s structurally safe (have the realtor recommend one locally) and be sure to ask your realtor to negotiate a home warranty paid by the seller.

Now is the time to determine and negotiate you rate and terms with the Loan Officer who is responsible to order an appraisal that you will be responsible to pay for prior to the arrival of the appraiser.

You’re Mortgage Professional / Loan Officer will be responsible to guide you the rest of the process and should not take more than 30 days.


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0 votes Thank Flag Link Fri Mar 15, 2013
If it has the # of bedrooms required by the local codes. The safest way to get your answer is to talk to your loan officer who is doing your loan. Each sale is different..
0 votes Thank Flag Link Thu Mar 14, 2013
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