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We are wanting to purchase a home on 3 acres. The seller also owns two additional 3 acre lots ajoining the property. What are the FHA loan requirements for this type of sale if we want to purchase the home and the 2 addtional lots for a total of 9 acres from the same seller.
You may want to look up the specifics of the FHA 203(i) loan program... It assists with the purchase of rural type farm house with 2 or more acres. Same requirements as any other FHA loan.
great question - the banks will likely want to see one parcel number for the loan - The issue is if you buy all and it is subdivided whats to prevent you from selling a portion
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