Why Don’t Most Lenders Approve VA Rural Home Loans?
A Rural VA Mortgage can be challenging for VA lenders. To complete the appraisal, the appraiser needs to determine the value of the home based on recent home sales. These home sales are often far away, and some lenders have arbitrary low limits on how many acres of land you can have.
Does The VA Permit Loans On Homes With 20 Acres Or More?
Yes! We are experts in approving Rural VA Home Loans. We’ve approved loans for homes with much more than 20 acres. In fact, we have closed VA loans with hundreds of acres of land. We’ve also approved loans for rural properties with appraisals that use home sales that are far away. You may qualify even if other lenders have turned you down. For more information call 800-720-0250 to speak with a VA Loan & Refinancing Expert with HomePromise.
I just want to thank you very much for your work to help us refinance our loans. I know you had to do so much work for us and we really appreciate it. If I know anyone who wants to buy a home or refinance I will do my best to refer you to them. Again, thank you very much.
This company out did themselves in my expectations. They were not pushy; they waited on me and kept contact with me even when I wasn’t sure if I was going to be able to refinance. I had a wonderful experience and highly recommend them for your next mortgage needs!
My mother recently had a refinance with HomePromise. The process was easy for her (and I) to follow. The loan representative was very helpful and responsive for the entire process and explained everything. I would definitely recommend this company.
I am a Veteran and they helped me understand the best options with my VA loan. They were great all through the process. I will definitely be telling others about Home Promise.