Finance developed lots or raw land with flexible land loan options. Up to 75% LTV for developed lots and 65% LTV for undeveloped land.
Finance the Land Before You Build the Dream
Whether you’re buying a developed lot or purchasing raw land, a land loan can help you secure the property now without paying entirely in cash.
Our land loan program provides financing options for both developed lots and undeveloped or raw land. Property eligibility and terms are subject to underwriting.
Terms vary. Figures shown are current program guidelines, not guarantees, and every loan is subject to approval.
Potential features for qualifying borrowers — exact terms vary and every loan is subject to approval.
A land loan is financing specifically designed for the purchase of property that may not yet have a completed home on it.
Instead of financing an existing house, the loan is secured by the land itself. That can give qualified buyers a way to purchase the property now and decide what comes next.
Actual property eligibility is subject to underwriting approval.
01
A developed lot generally has more infrastructure and improvements already in place than raw land.
Qualified developed lots may be eligible for financing up to:
75% LTV
Loan Structure
02
Raw or undeveloped land generally has fewer improvements and may not yet have utilities, roads, or other infrastructure in place.
Qualified raw land may be eligible for financing up to:
65% LTV
The correct loan structure will depend on the property and your overall qualification.
These land loans are amortized over 20 years, but the full loan term is shorter.
That means your monthly payment is calculated as though the loan were being repaid over 20 years, while the remaining balance becomes due at the end of the balloon period.
36 months
The balloon is due after 36 months.
60 months
The balloon is due after 60 months.
Before using a land loan, it’s important to have a plan for what happens at the end of the balloon period. That may include refinancing, paying off the balance, or transitioning into another financing strategy, subject to available options at that time.
Your required down payment depends on whether the property is considered developed or undeveloped.
With financing up to 75% LTV, a borrower would generally need at least:
25%
Equity / down payment
With financing up to 65% LTV, a borrower would generally need at least:
35%
Actual loan amounts and required funds are subject to property value and underwriting approval.
A land loan may be worth exploring if you:
A land loan and a construction loan serve different purposes.
Land Loan
Used primarily to finance the purchase of the land itself.
Construction Loan
Used to finance the construction of a home or other eligible improvements.
If you’re planning to build soon, we’ll help you determine whether purchasing the land separately or moving directly into construction financing makes more sense.
Straight answers on developed lots, raw land, balloon terms, down payment, and DTI. Property eligibility and terms are subject to underwriting.
You don’t always need to build immediately to move forward with your plans.
A land loan can help you secure the property you want today while giving you time to determine what comes next.
Ready to Explore Your Land Financing Options?