Basic Eligible Properties FHA will back loans for rural property, too, but there is a limit to the amount of acreage that can be included when determining the value for loan purposes. FHA will only back the value of the first 10 acres of the property, and those first 10 acres must include the home.
What is the maximum amount you can borrow on a conventional loan?
Loan size: For a conforming conventional loan, your loan must fall within the loan limits set by Fannie Mae and Freddie Mac. The loan limit changes annually. In 2020, the limit was $510,400. In 2021, it's $548,250.Nov 23, 2021
What is the maximum acreage for a conventional loan?
These can include: Loans for properties with non-standard features (such as more than 10 acres of land, properties with agricultural income, or properties that are difficult to appraise)