Vacant Land Loan Programs

Best for: Buyers locking in a parcel to hold or develop later.

What it looks like: Untouched land — trees or brush, no road, no power, no water.

• Minimum 35% down payment
• Minimum property value $235,000 for purchase or cash-out refinance
• Highest-risk land type, so it has the highest down payment
• Minimum credit score generally 640–680 (700+ preferred)

Best for: Buyers who found the lot but still need to bring in utilities or permits.

What it looks like: Partly prepared — road access or a cleared lot, but utilities not connected.

• Typically 25% down payment
• Has access or clearing, but still needs work before building
• Minimum property value $235,000 for purchase or cash-out refinance
• Final terms depend on location, zoning, utilities and appraisal
• Minimum credit score generally 640–680 (700+ preferred)

Best for: Buyers planning to build soon but not starting construction yet.

What it looks like: Ready to build — paved road, power, water/sewer already at the lot.

• Typically 15% down payment — the lowest of the land-only loans
• Common in subdivisions and planned communities
• Easiest land type to appraise and finance
• Minimum credit score generally 640–680 (700+ preferred)

Best for: Buyers ready to build now with a builder and plans in place.

What it looks like: Buy the lot and build the home — one loan from land to move-in.

• As low as 5% down payment
• One loan covers the land and the home build
• Land you already own may count toward your down payment
• Manufactured homes are not eligible
• Minimum credit score generally 640–680 (700+ preferred)

Best for: Buyers of larger rural or working land.

What it looks like: Larger acreage — farms, ranches, timber tracts and equestrian property.

• Down payment ranges from 20% to 45% of the purchase price
• Each property is unique — terms depend on acreage, use and location
• Farms, ranch acreage, timber tracts and equestrian property
• Minimum credit score generally 640–680 (700+ preferred)