Fannie Mae and Lot Size

[Penny Smith]

I've been looking all over Fannie Mae's website, and this one, to find out up to how many acres fannie Mae will loan on for a SFR. Does someone know? Thank you!!

 

[Lee Lansford]

It's not the size of the site that matters, it's whether or not the property is residential in nature (that is, must be a residential property).

See Fannie's "Handbook for Appraisers", page 33, for more information.

 

[CANative]

Fannie Mae sets no specific limits as to the size of a residential lot.

 

[Midwest Guy]

Used to be 5 acres, however that rule has been eliminated!

Land use is important. NO FARMS!

 

[Penny Smith]

Thank you for your responses. I found the Single Family Selling Guide, but not the "Handbook For Appraisers", can you send me a link to that web page? Thank you.

 

[Wayne Tomlinson]

Appraising Rural Properties FNMA

Try this link. It is a simple example of Fannie's guidelines


https://www.efanniemae.com/lc/ou/pdf/app_rural_props.pdf

Wayne Tomlinson