FHA VA Conventional, and USDA, all state that the property has to be 2.5 Acres or less. You could get the property rezoned, or divided, but your best bet is to get with a local Mortgage Broker, not a Banker, and see what finance programs he can come up with.. he might have a portfolio lender that is familiar with your particular scenario and have a specific loan product for you.. WilliamAcres.comOct 10th 2011
Since the land is zoned agricultural and 8 acres is used for that purpose, you would either need to find a local bank who is willing to finance the property based on their intimate knowledge of local property values. Otherwise, you could call your regional USDA office and let them know you would like to find a local lender who can facilitate a Farmers Home Administration (FmHA) Guaranteed Rural Housing (GRH) loan. Happy Columbus Day!Oct 10th 2011
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