VA Farm Loan

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VA Farm Loan

Post by Comrade Frank on Fri Jan 16, 2015 8:24 am

3. Can a veteran get a VA farm loan?
No, except for a farm on which there is a farm residence which will be personally occupied by the
veteran as a home. The veteran may or may not conduct farming operations. If farming
operations are to be the primary source of the borrower's income, then it must be established that
the venture has a reasonable likelihood for success. If the borrower plans to use the residence,
but has a source of income other than the farm which will be the primary source of income, then
the farming operations need not be considered. Other types of farm financing may be obtained
through the Farmers Home Administration which gives preference to veteran applicants.
Additional information can be obtained by contacting a local office of that agency, the address
and telephone number of which can be found in your telephone directory.
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