[Mason]

Hey Julio,

A lot of it boils down to value – Lenders don’t want a bunch of it tied into the land. Additionally, the more acres, the more probability you have for income producing qualities (hobby farms, horse/stables/equestrian characteristics, etc). I’ve gotten away with 25 acres in the past with exceptions (posted guideline max is 15) but these files have great comp factors (high fico, high reserves/residual income, solid LTVs, etc).

[Mason]

CPA letter isnt always required but is undoubtedly a sure fire solution to clear the requirement. Other items can be provided, ie. Operating Agreement, Articles of Incorporation, etc. Verifying a borrower’s ownership % in their business is also a requirement and often times it has to be assumed with these documents – this is why letter from CPA or tax preparer is the preferred method.