• FHA Loans

  Is It Possible To Get a Mortgage Loan on 50 Acres on Primary Home?

  Posted by Russell on February 27, 2024 at 12:22 pm

  Is it possible to get a mortgage loan on 50 acres on my primary home in Wisconsin? Preferably FHA loan but I think I qualify for a conventional loan too.

  Tom Miller replied 2 years, 7 months ago 4 Members · 3 Replies

  • Acreage
  • Home Loan with Acreage
• 3 Replies

• 

  Gustan Cho

  Administrator

  March 1, 2024 at 3:37 am

  Most Mortgage lenders frown upon financing homes on large acreage. VA loans allow homes on large acreage such as a house on 80 acres. However, other loan programs have issues on financing homes on large acreage. HUD, the parent of FHA, will only cap the lot size up to 10 acres. Any acreage larger than 10 acres will not be given any value. USDA LOANS should not be a problem. Fannie Mae and Freddie Mac will not finance homes on large acreage.

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  Ann

  Member

  March 1, 2024 at 4:03 am

  Acra Lending does up to 20 Acres, more on an exception.

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  Tom Miller

  Member

  March 1, 2024 at 4:49 am

  If I am interested in buying 110 acres in Paris Wisconsin which is just over the Illinois and Wisconsin border with a 12 month bank statement loan, would I be able to get 🤔 financing?

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