The property must be a single-family residence to qualify.  The property must be located in the State of Mississippi. Permanent financing of a construction loan to construct a single-family residence is also available, subject to VA guidelines. If you own a home that is not adequate for your needs at the time of loan application, according to the laws that govern this Agency, you will be required to divest/sell this home prior to the closing of your VHPB loan on the new purchase.  A recorded Warranty Deed with Book and Page numbers will be required as proof of divestment.