- March 6, 2020
- Posted by: EWTAZ
- Category: VA Loans:
Can I Buy A Farm With a VA Loan?
As this video shows, you can’t buy a farm unless it has a farmhouse that is a substantial part of the farm’s value with a VA loan.
VA loans are specifically for the veteran’s residence.
A VA loan for a farmhouse does not require that the farm be active – there is no “farming requirement” but if income from farming is part of proposed loan qualification the veteran will be required to show that the farm business can turn a profit.
Check into Federal and state-level programs – such as the Veteran Farmers Project – related to veterans and farming; they may be of assistance in your decision.