Why our team loves Lot & Land Loans
If you're investing in future developments, holding onto a homesite for retirement, or purchasing land for your dream home down the road, a land loan can give you the flexibility to buy now and plan at your own pace.
Lot & Land Loans At A Glance
If your dream is to buy dirt and plant roots, a lot or land loan can help you with financing. These loans are structured to give you time to prepare, design, and eventually transition into a construction loan when you're ready to break ground.
Highlights
- Finance Raw Land or Improved Lots: Whether it has utilities and access roads or is completely undeveloped.
- Flexible Loan Terms: Choose repayment plans that work with your timeline to build.
- Primary, Secondary, or Investment Use: Great for future homes, vacation retreats, or long-term investments.
- Transition to Construction Loans: Land loans can often roll into a construction-to-permanent loan later.
- Ideal for Custom Home Planning: Buy now and build when you're ready.
Lot & Land Loan Guidelines
- Down Payment: Often 20%–35%, depending on land type and location.
- Property Types: Raw land, improved lots, residential or rural acreage.
- Utilities & Access: Can affect approval terms (improved land usually qualifies for better rates).
- Loan Terms: Short- to mid-term; often 2–10 years.
- Transition Options: Convert to construction financing whenever you're ready.
Lot & Land Loan Pros
- Get Your Ideal Location Now: Even if you're building in a year or just starting to plan.
- Flexible Use: These loans work for a lot of land types—raw acreage, residential lots in planned communities, or land with future development potential.
- Get Tailored Terms: Potential for extended terms or interest-only payments until you’re ready to break ground.
- Potential To Roll Into Construction Financing: To simplify the financing process.
- Own Land Free And Clear (Eventually): Or hold it as a long-term investment.
Best For…
Buyers planning to build a custom home
Future homeowners seeking the perfect lot before building
Investors holding land for future resale or development
Families looking for long-term rural or vacation property
Anyone looking to buy land before prices rise or availability drops
Free Guides & Resources
Our favorite kind of buyer? A confident one. Brush up on your loan knowledge, get an accurate quote, and let's get to it.
