Farm Residences

Although VA does not make farm or other business loans, the law allows veterans to use their Loan Guaranty benefit to purchase a farm on which there is a farm residence. 

The appraisal of properties with acreage should not present difficulties if a sufficient number of similar properties in the area were recently sold primarily for residential use.  For VA purposes, the valuation must not include livestock, crops or farm equipment and supplies.

Installed facilities (such as, well, septic tank, etc.) serving the dwelling will be considered part of the dwelling when, in the opinion of the appraiser, such items contribute to the desirability and residential aspects of the property. 

Buildings other than the dwelling will be valued on the basis of the use of the property for residential purposes only.