August 11, 2022
A VA Rural Home Loan is the perfect option for anyone looking to settle down after their military service ends. If the idea of raising livestock and growing your own produce is something that interests you, it’s time to seek more information and counseling from the Fam Loan Center. We are experts in rural loans and specialize in helping veterans secure loans through the Veterans Administration.
After seeing the world while serving in the military, almost 30% of the veteran population chooses to settle down in rural areas. This makes a VA rural home loan an extremely useful tool in securing the life you want for your civilian years. The Farm Loan Center can help you no matter where in the United States you want to set down roots, from California to North Carolina or Texas to Wisconsin, we can help.
Veterans can cash out up to 90% of their home’s value. Even though rates are higher now, a VA rural home loan is still a better investment than a home equity loan which comes with very high interest rates, shorter terms and lower loan to value ratio. Using the equity in your home to make improvements, pay for college tuition, or simply to invest in additional real estate makes this type of loan a very solid financial decision.
A VA rural home loan does not include financing for land intended to start a working commercial farm or land to construct a home on. The land you purchase with your rural home loan can be used for small farming and raising limited farm animals. There is no limit on acreage as long as the size of the property is typical of the area. The VA only insures primary dwellings, so there must be a home already on the land to qualify.
At the Farm Loan Center, we want to help you secure a VA rural home loan for the home that’s right for you and your family. Call us at (800) 644-9039 to start consulting or apply now online.