Types of Properties that Spring EQ will not lend on
• Cooperatives• Condotels
• New Construction Condominium Projects
• Hotel/Motel Condominiums
• Mobile Homes
• Manufactured Housing
• Commercial Operations
• Geodesic & Monolithic Domes
• Working farms and ranches
• Unimproved Land
• Properties with >20 Acres (Review the Texas Lending Matrices)
• Timeshares
• Leasehold
• Properties listed for sale in the past 120 days (determined by the earliest of the withdrawn, cancelled, or expiration date)
• Mixed Use
• Properties with solar power as the only source of electricity
• Vacant Properties (purchase transactions excluded)
• Barndominiums
• Second Homes greater than 1 unit
• Properties with unpermitted additions and/or improvements
• Boarding Homes (Investment properties with individual room rentals)
• Properties located on tribal lands
• Properties with more than 1 Accessory Dwelling Unit (ADU)
• 2-4 unit investment properties