Vacant Land Loans
Looking to purchase land for your future home, investment, or recreational use? A vacant land mortgage loan can help you secure the property now—while giving you flexibility to build or develop later.
A vacant land loan is financing designed specifically for the purchase of property that does not yet have a home or structure on it. Unlike a traditional mortgage, the loan is secured by the land itself rather than a house built on the property.
With a vacant land loan, you can:
- Purchase undeveloped or partially developed land
- Make monthly payments over time, similar to a traditional mortgage
- Build, develop, or hold the property according to your plans
- This type of loan gives you the opportunity to lock in your ideal location today while planning for tomorrow
- Establish equity that can be used when you’re ready to build
Loan terms and requirements:
- A minimum 20% down payment is required for vacant land purchases.
- A reduced down payment of 10% may be permitted when the land being purchased is adjacent to property already owned by the borrower
Whether you’re planning to build your dream home or invest in land for the future, our team is here to help guide you through your options and find the right solution.
- Secure land now and build on your timeline
- Invest in property with long-term potential
- Create a custom home site or recreational retreat
Contact Chris Williams at 269-228-0073 for more information or to schedule a mortgage application appointment. NMLS #747642.
