Barndominium Financing
What properties may qualify?
- Acreage – 5 to 160+ acres
- Can have up to 3 dwellings on a single parcel
- Multiple non-contiguous parcels are ok
- Outbuilding – Barns, Stable, Silo, Sheds
- Schedule F income allowed
- Home value as low as 30% of property value
Appraisal Guidelines
More flexible appraisal guidelines than tradtional loans.
Comps up to 12 months old and up to 50 miles away.
Program Criteria
- Minimum 680 credit score
- LTV/CLTV – Up to 80% / 90%
- DTI – Up to 43%
- Loan Amount up to 2 Million
