The VA does in fact have restrictions on home loans. the house on the property must be at least 60% of the loan value or appraised value, i dont remember which. keep in mind that a VA home loan is nothing more than gov backing a bank loan only looser credit restrictions and 0 money going in.
I think your best bet would be going to your local Farm Service Agency, FSA, they have beginner programs up to 300K. Like any govn agency you will jump through a few hoops and they will have yearly requirements of you, but its a way to get started with little or no money, one of their requirements is you have to show a background in farming/ranching. If you dont have a way to show income from farming in the last ten years, they will accept a letter from someone who does, but that letter has to show how you have been involved in farming/ranching, thats easy enough to write, your grandpa could probably write it. Be warned though, its a funded program, so if nobody has used their program they probably have money in it, if not, you have to wait for it to be funded again. the other option i can think of is finding your local Frontier Farm Credit branch and talking to them. You might have to have money going in but they are a self funded Co-op so their lending terms are set internally.
I thought the first farm was tough to get, what i found out was the second one is much harder - HAHA
Good luck, if you have any other questions your welcome to email me
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Today's Featured Article - Field Modifications (Sins of the Farmer) - by Staff. Picture a new Chevrolet driving down the street without it's grill, right fender and trunk lid. Imagine a crude hole made in the hood to accommodate a new taller air cleaner, the fender wells cut away to make way for larger tires, and half of a sliding glass door used to replace the windshield. Top that off with an old set of '36 Ford headlight shells bolted to the hood. Pretty unlikely for a car... but for a tractor, this is pretty normal. It seems that more often than not they a
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