Buying a farm
finally time to move from the burbs to buy my first farm. can I use a va loan for that even it doesn't have a house on the property? by greear140 from Bellevue, Washington. Aug 20th 2020
Christopher Stancato (Kyle Stancato)
#2 ranked lender in Washington - 64 contributions
You can not use the VA for just land only. Let me know if you have other questions. Kyle2539701126 or 2534606000 Local. Take care
Bert Carpenter (BertCarpenter)
#37 ranked lender in Arizona - 2,431 contributions
Traditional mortgages (VA, FHA, Conventional) are for residential dwelling on a parcel of land. If you are looking to purchase raw land, seek out financing from a local Community Bank. Generally, the buyer invests 40% of the purchase price, and the lender will finance the other 60%. Buyers must be well qualified both in terms of income and credit. ~ Bert Carpenter, The LoansA2z Team of NEXA Mortgage ~ NMLS 40586 ~ Licensed in Arizona, California, Georgia, Oregon, and Washington. Need help in other states? We've got you covered. NEXA Mortgage is licensed in 46 states ~ www.ApplyYes.com 480-889-9000.
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