Understanding Land Loans

Our land loan calculator helps you estimate monthly payments for raw land, lot loans, and rural property financing. Land loans typically require larger down payments (20-50%) and have higher interest rates compared to traditional mortgages due to the perceived higher risk by lenders.

How to Use This Calculator

1. Enter the total loan amount you’re seeking
2. Input current land loan interest rates (check with local lenders)
3. Select your repayment period (10-25 years typical)

Land Loan FAQs

What credit score is needed for land loans?

Most lenders require minimum credit scores of 680-700 for land loans. USDA-backed loans may accept lower scores.

Can I build on land purchased with a loan?

Construction loans differ from land loans. Some lenders offer combination loans – consult a mortgage specialist.

Explore More Tools:

Check our mortgage calculator for traditional home loans.

For official guidelines, visit the CFPB website.