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VA Farm Loan In Virginia

VA Farm Loan In Virginia

Get A VA Farm Loan In Virginia

Located in the Mid-Atlantic region of the United States, Skyline Drive rises just over 4000 feet in elevation. Rural America has never been so stunning when overlooking the farmers and ranchers living in the Commonwealth of Virginia. For more than fifty miles, farm businesses can be seen outlined in the vast western view of Virginia state. With approximately 700,000 military Veterans living in Virginia as of 2020, there is probably no better time than now to get a VA farm Loan In Virginia.

The Department of Veterans Affairs (or VA) Home Loan benefit may be used to purchase different types of farms in the state of Virginia. Like USDA loans, active military members and Veterans have earned 100% financing with no down payment needed for a home purchase. When looking to purchase a VA farm loan in Virginia it is important to understand the requirements. First, there must be a home located on the property to live in as your primary residence. In other words, VA home loans can only be used for residential purposes, and not the purchase of a business. But, if you are a fruit or vegetable or hobby farmer, do not allow farming income to become a barrier. It is important to understand that many VA farm loans may not be eligible for most. It is important to understand that many VA farm loans may not be eligible with most lenders.  HomePromise may be able to help when other lenders cannot!

Types of VA Farm Loans Available

There are many types of farm loans possible with your VA home loan benefit. In Virginia, there are fruit and vegetable farms, hobby farms, horse farms, vineyards, and tons of land for cattle farming. As a Veteran, you’ve earned your VA benefits. If you love farming and agriculture then, purchasing farmland as your primary residence in Virginia will be a lifestyle worth pursuing. Most lenders will not give you the time of day when you apply for a farm loan, but HomePromise might be able to help when other VA lenders cannot.


“HomePromise was one of very few lenders who did a VA Agriculture loan.” – Theresa A.

va farm loan requirements, cattle farm va loan, va cattle farm loan, financing

Why Is Farming Income A Barrier?

Some lenders will have a problem even if there is no farming income but the property looks like a farm.  If they see livestock or a crop planted they will consider the home a farm and turn down a VA farm loan. A farm that triggers a denial could also be an equestrian or horse farm with buildings for riding and horse boarding.

Why Is Farming Income A Barrier?


VA-approved lenders like HomePromise can get your Certificate of Eligibility (COE) online or you can apply online yourself by using eBenefits at  www.ebenefits.va.gov or filling out  VA form 26-1880. Our VA loan specialists are ready to help you through the process of purchasing a VA farm loan in Virginia. HomePromise will complete your application and then, help you determine the amount you might qualify for.

3 VA Farm Loan Considerations

  • According to the VA, there is no limit on the total number of acres of farmland may have.
  • Like other loan programs, the appraisal process is not more difficult than a normal loan as long as similar properties in the same vicinity recently sold. It’s possible to include in the value of your farm any improvements that are usually not considered residential like barns, storehouses, horse stables, and pastures.
  • For VA home loan purposes, the value of the property will not include livestock, crops, or farm equipment.

For more information about your eligibility and our fast and easy process in getting a VA farm loan in Virginia call 800-720-0250 to speak with a HomePromise VA farm loan specialist today.

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Veterans Healthcare And Benefit Improvement Act Of 2020

Veterans Healthcare And Benefit Improvement Act Of 2020

Veterans Health Care and Benefit Improvement Act of 2020

President Trump just signed a legislative package that will help the veterans community. The Veterans Healthcare And Benefit Improvement Act Of 2020. The top benefits and improvements in 2021 for veterans and their families are female veteran and Native American veteran benefits, disability and exposure related to the coronavirus, and National Guard members having no active duty are now eligible for the VA Home Loan Program.

Contact HomePromise 800-720-0250 to see if you qualify.

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VA Loans After 2020 Presidential Election

VA Loans After 2020 Presidential Election

VA Loans After 2020 Presidential Election

Now that the presidential election is over, what will happen to VA loans after the 2020 presidential election? It’s not too early to start thinking about how the election will affect VA loan rates. Read on for more information about how to take advantage of the changes that are likely coming next year.

VA Loan Limits After 2020 Election

According to the Federal Housing Finance Agency (FHFA), loan limits in 2021 are up. That means the VA limit will be $548,250 nationwide. This means that more Veterans are eligible to get lower rates for larger loan amounts. So, if you have a larger VA loan, you may qualify to purchase a home or refinance your current loan to a lower rate. This means that the payments for a given amount of debt will be smaller, and you may find it easier to make your payments

each month.

How Will the Administration Change Affect VA Loans?

Every time the government experiences an administration change, the VA loan program also experiences changes. This can be frustrating for Veterans – after all, when you joined the military, no one asked you what political party you supported. Why should politics affect your mortgage now? Luckily, we are here to help. Some changes may make it harder to get a VA loan,

and other changes may make it easier. Contact us now to check whether you will be impacted by these changes.

So, What Should You Do?

As a Veteran, you’ve worked hard to serve our country. Now it’s time for our country to serve you. At HomePromise, we understand the sacrifices that you made, and we are committed to finding solutions for difficult problems. Since loan rates are nearly certain to rise in 2021, you should take advantage of low rates now. Contact us now for a free quote, and we will do our best to help you find a creative and low cost solution.



va debt consolidation and military debt consolidation

VA Debt Consolidation Loans & Military Debt Consolidation

Even with the best of intentions, bills can start to pile up. From unexpected medical bills to high interest credit cards, debt can happen to anyone. Other expenses like college tuition, delinquent taxes, and second mortgages can also cause financial stress. For veterans and military families currently experiencing financial difficulties, VA military debt consolidation loans can help.

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