Well and Septic
Most lenders want to see a water potability test and a well flow test before financing a property on a private well, and a septic inspection or recent pump-out record for a property on a septic system. These are usually conditions of financing rather than optional extras, and timelines can affect your closing date, so it's worth arranging them early.
Acreage Limits
Many lenders cap the acreage they'll finance as a typical residential mortgage — properties above that threshold can be treated differently, and outbuildings, barns or additional structures are often not counted toward the property's value for lending purposes even if they add real value for the buyer. Limits vary by lender, so it's worth confirming for the specific property.
Getting the File in Front of the Right Lender
A rural file that a typical urban-lending program declines can still be a fit for a different lender with rural-specific criteria. Reviewing the property's water source, septic system, acreage and any additional structures before submitting an application helps identify which lenders are worth approaching.
Estate Mortgage Group is affiliated with the Krasno Team through common ownership — using Estate Mortgage Group is never required, and you're free to arrange financing with any lender or brokerage you choose.