| Eligible: |
- Primary Residence and single family
residence (SFR) only
- Purchase, Rate/Term Refinance and Cash
Out Refinance
- Properties ranging from 5 to 160 acres
(greater than 160 acres on a case by case basis)
- Primary homes should have a value of at
least 30% of the overall property value
- Outbuildings are permitted
- Properties must have reasonable potential of
producing at least:
- $500 annual agricultural income for
properties of 5 or more acres
- $5,000 annual agricultural income for
properties less than 5 acres
- Operations with 50 head of livestock or less
will be accepted
- 680 Minimum FICO
|
|
|
| |
| Loan Amount |
LTV |
CLTV |
| $600,000 |
80% |
95% |
| $750,000 |
75% |
90% |
| $1,000,000 |
70% |
80% |
| $1,500,000 |
65% |
75% |
| $2,000,000 |
60% |
70% |
|
| |
| Benefits: |
- A solution created specifically for
non-conventional properties
- Finance one note and mortgage for
the entire acreage and home
- Reduce monthly payments
- Improve cash flow
|
|
