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Are lot dimensions required for fha?

by hmardis412 from Bowling Green, Kentucky. Oct 16th 2017 Reply


Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 3,895 contributions

All home loans have a plat survey done by the title company, and the appraiser also reviews the lot size. Normally lot size isn't much of an issue unless you are doing a large acreage loan.

Oct 17th 2017
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Brian Phillips (brianthemortgageguy@gmail.com)
#18 ranked lender in Kentucky - 9 contributions

Lot size is not needed by FHA but your appraisal will give the amount of square feet that lot is. They will take a look at see what % of the overall value the land is in comparison is to the house.

Oct 20th 2017
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Brian Phillips (brianthemortgageguy@gmail.com)
#18 ranked lender in Kentucky - 9 contributions

Why did you chose to move forward with an FHA mortgage?

Oct 20th 2017
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