Lender 路 Austin, TX 路 Member since 2022 路 5k+ posts 路 4k+ votes
馃What Is the Maximum Acreage Allowed for a DSCR Loan? 鉃★笍 Acreage limitations for DSCR Loans are a separate (but related) issue from rural classification. While some DSCR Lenders have acreage rules tied up with rural rules, most lenders will have distinct acreage maximums for property eligibility. Generally, DSCR Lenders will vary among the maximum acres allowed for a property, but will pretty much always have a maximum acreage for eligibility.
Acreage maximums for DSCR Loans typically will be between 2 acres maximum on the low end and up to 20 acres on the high end. Maximum acreage limits within this range are also common, with many DSCR Lenders having acreage maximums of 5 acres or 10 acres. If considering a property with a lot of acreage and land, it鈥檚 smart to confirm lender limits and maximums early on in the process.
If seeking a DSCR Loan for a property with a lot of acreage, it may take some searching, but there should be options for rural properties on large acre plots with some digging. Harpoon Capital currently has options for DSCR Loans up to the general industry maximum of 20!