In today's mortgage-mess market, will lenders reject loan applications from average buyers (not investors) wanting to purchase acreage with a teardown outside the city limits, with the intent of building a new home? Obviously, preservationists and neighborhood associations who might object to interference with the "character" of the area wouldn't be a major factor in this kind of decision.
Would the mortgage needed for such a purchase have to be a combo "jumbo" loan, or what? I am in Oregon and would be using a VA loan.
I would be grateful for any kind of feedback that would help me with this idea. Thanks!