Land Loan Program
Land Loans offer a unique opportunity to
purchase undeveloped land for various
purposes, including investment,
construction, or agricultural use. These
loans are tailored to meet the needs of
buyers looking to invest in the potential
of raw land.
With flexible terms and financing
options, land loans can pave the way for
your dream project, whether it’s building
a custom home, starting a farm, or
developing a commercial property.
Scenarios and Potential Applicants:
- Individuals planning to build a custom home.
- Real estate investors looking to develop or hold land for appreciation.
- Farmers or ranchers expanding their agricultural operations.
- Businesses acquiring land for commercial development.
Requirements:
- Higher down payment, typically 20-50% of the land’s purchase price.
- Strong credit score to secure favorable loan terms.
- Detailed plans for the land’s use, especially if intended for development.
- Sometimes, a comprehensive environmental assessment to ensure the land is suitable for its intended use.
