How are land loans different?

They usually require larger down payments and carry higher rates.

What is a typical land loan down payment?

Often 20% to 50%, depending on the property.

Generally higher than home mortgages, often 6% to 15%.

Home › Land Loan Calculator

Raw land is riskier for lenders, so land loans often need larger down payments and carry higher rates than home loans.

Enter the financed amount and rate into the loan calculator to see your monthly payment and schedule.

Budget for a larger down payment, and use the extra-payment field to see how to pay the land off sooner.