Company News

Case Study 06.12.17

June 12th, 2017 10:14 AM by Andrew Liu DRE: 01109246 NMLS#249736

Case Study 06.12.17

Many people who live in the Bay Area are tired of the traffic congestion and a long daily commute which seems to be getting worse every single day.  Their homes are not much of a sanctuary either, the developers have built homes that are so close to each other, they can literally open a window and shake their neighbor’s hands.

To avoid such stressful living, many people have chosen to move away from the Bay Area and live on the outskirt of the big city so they can have their peace and tranquility back. 

Recently, a client of mine visited a home with 40 acres of land, and he fell in love with the home immediately!  He decided he can see himself hiking on his own property without running into anyone. He said he can picture himself sitting under the mature giant oak tree, reading a book, and enjoying the gentle breeze during the hot summer months. 

There is just one challenge, his bank won’t lend him money for the purchase, because nearly all loan programs will only allow for maximum lot size of 5 acres. Over that amount it becomes an agriculture loan which would have entirely different qualification criteria. However, my client has no intention of doing any agriculture business beside planting few grape trees and setting up a vegetable garden. 

Lucky, I found him a “hobby farm loan” which tailors exactly to his situation.  He was able to finish his purchase and move in right before the summer.  

Posted in:General and tagged: Bay Area
Posted by Andrew Liu DRE: 01109246 NMLS#249736 on June 12th, 2017 10:14 AM


Pacificwide Lending

CA License #01762647 NMLS#241222, TX License #241222, FL License # MBR 3291

7041 Koll Center Pkwy Ste 270 Ste 270
Pleasanton, CA 94566