The wait time for a VA loan after a deed in lieu is two years. You should be able to qualify for a mortgage. I would be happy to recommend local lenders that work with clients after short sales and deed in lieu.
DRE Broker Lic. #: 01509429
Real Estate Broker, MBA
Mission Country Properties
PO Box 2179, Paso Robles, CA 93447
Office (805) 238-5200 Cell (805) 712-7354
Ed: Ag lenders look at ag loans much the same way commercial lenders look at investment real estate loans. That is, the ag lender will want to review profit & loss statements and tax returns for the venture to determine how much loan the business can afford to debt service. Your experience with the particular type of farm operation will be an important factor, as well, however your financial capabilities will play an important part. Generally, look for a minimum down payment requirement of 30%, IF the farm income can support the resulting loan. We have dependable ag loan resources and would be happy to assist you with your needs.... more