Land loans are used to finance the purchase of a plot of land. However, securing this financing is different from other loans. Here’s what you should know.

Jun 3, 2024 · We’ll go over the basics of land loans, how they work and where to get them. What are land loans? A land loan — also known as a “lot loan” — is a way to finance real estate that doesn’t have a house or other structure built on it.

Calculate land financing payments for buying acreage and lots with our land loan calculator. Get monthly payments based on land contract price, interest rate, and down payment. View land prices to explore affordability.

Land Loan Calculator. This land loan calculator computes monthly payments & the total interest based on the purchase price, downpayment amount, interest rate and number of monthly payments. Are you buying a house or car?

Aug 5, 2015 · What Is a Land Loan? Land loans come in all shapes and sizes and are unique compared to existing home loans. The purpose and current use of the land can dictate the terms of the loan.

Jul 12, 2024 · If you’re not sitting on enough cash to buy the land outright, you’ll need to explore land lease options or apply for a land loan, also often called a lot loan or property loan. Read on...

Jul 17, 2024 · A land loan is a specialized financial tool for buying undeveloped land or vacant property. While different from traditional mortgages, land loans offer advantages such as ownership of a desired piece of land, customization and potential appreciation. However, challenges include higher interest rates, larger down payments and shorter loan terms.

Jan 7, 2025 · A land loan, also referred to as a “lot loan,” finances a piece of land. Borrowers may have plans to build a home or start a business on the land, but they also might want to keep the plot for just fishing or hunting. Developers can also get land loans to build homes or businesses.

Mar 27, 2025 · Land loans finance structure-free land purchases. See types, eligibility, alternatives and more.

Sep 23, 2024 · What Is a Land Loan? A land loan is a type of credit used to finance the purchase of a plot of land. It’s sometimes called a lot loan. These are important because, for...