We are looking at property in the rural area. The home is over 3,000 sqft. and sits on 6.2 acres. We will be putting a very large downment, but need the assistance of an FHA loan. Wondering if acreage is going to be an issue.
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Best Expert Answer
Lender standards would apply, so you will need to discuss the situation with a loan officer to see what might be possible in your specific circumstances. FHA loan rules do address what is described as "excess land" but state law and lender standards may have additional input.
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