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I WANT TO BUY A HOME THAT MY BANK [ PEOPLES ] HAS APPROVED ME FOR. THE HOME I CHOOSE SITS ON 19 ACRES..TOO MUCH LAND??

by JOEFARLEY1950795 from Chardon, Ohio. Jul 4th 2014 Reply


Steven Ceceri (123LoanYes)
#12 ranked lender in Rhode Island - 723 contributions

If your bank already approved you, what is the question? Typically, the acreage is not an issue as long as there are comps to support the value and any "excess acreage" per your bank's guidelines will not be included in the final value for the property.

Jul 4th 2014
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Jericho Cherry (Jerichocherry)
#54 ranked lender in Virginia - 1,107 contributions

You said you've been approve already, so what is your question.

Jul 5th 2014
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Sean Young (SeanYoung)
#1 ranked lender in Colorado - 1,112 contributions

Hi Joe, I would contact the lender who did your pre-qual and make sure they are aware of the type of property you want to get approved for. That would be the best way to proceed. Best wishes, Sean

Jul 6th 2014
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