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01 - 10-acre lot qualifies for this program without the need of a special exception by the lender. A 10. 01 - 20-acre parcel requires a special exception by the bank, and there MUST be comparable, closed sales of parcels of 10. 01-20 acres within the subject market area in the preceding 12 months from which an appraiser can obtain comparable sales data; 20. 01-acre or larger parcels - NO FINANCING OF PARCEL LARGER THAN 20 ACRES.
If you are a licensed, residential developer seeking to purchase multiple lots for spec home construction, please call for information on our available programs for developers.
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