Uncle Sam Offers Special Loan Programs
Several government agencies help veterans get loans for homes, farms, and
businesses. Although the loans are generally made by commercial lenders, government programs
make it easier for veterans to borrow the money.
Note:
Loan amounts are usually based on highest income being earned at the time of loan
approval; therefore, you may want to consider making large purchases (home, farm, or business)
prior to separation if your active duty income would be higher than your post-Service income.
Rural Loans
The Farmers Home Administration is the rural credit agency of the Department of
Agriculture. This agency has both direct and guaranteed loan programs that give preferential
processing to veterans' loan applications.
To obtain information and applications, contact the nearest office of the Farmers Home
Administration. Most are located in rural county seats.
