Types Of Loans: To Buy Land

Lenders categorize land based on how "ready" it is for use. This significantly impacts your interest rates and down payment requirements.

: These are the hardest to secure and usually require the highest down payments—often 35% to 50%. types of loans to buy land

: Interest rates are generally lower than raw land but higher than improved land. Lenders categorize land based on how "ready" it is for use

: For plots that are "build-ready," complete with access to public roads, water, and power. types of loans to buy land

The Ultimate Guide to Financing Your Dirt: Types of Loans for Buying Land

: For land that has some basic features (like a gravel road or partial utility access) but isn't fully ready for construction.