Financing Your Land Purchase: A Complete Overview

Financing a land purchase is different from buying a home. Here is what you need to know before you apply.

Types of Land Loans

There are several options available: raw land loans, lot loans, construction loans, and USDA loans. Each has different requirements and terms.

Down Payment Requirements

Land loans typically require a larger down payment than home mortgages. Expect to put down 20-50% depending on the lender and the type of land.

Interest Rates

Interest rates for land loans are generally higher than for traditional mortgages due to the increased risk for lenders.

Our team can connect you with lenders who specialize in land financing. Contact us for referrals.

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