Buy Land

Financing land can feel complex, but we’re here to offer information and support to streamline the process. Here’s what you need to know to get started:

• How you’ll use the land: Your intentions for the land guide your loan options. Whether you’re building a home or investing in recreational space, knowing your goals is the first step.
• Type of land loan: Different types of land loans are available based on your plans and the land’s current state. We’re here to help you find the right option.
• Lending qualifications: Land loans often require specific qualifications. We’ll help you understand these requirements.
• Property checks: Property checks help assess the land’s condition and potential use. These may include boundary surveys, zoning restrictions, and access to utilities.

Property Check Requirements

Boundaries
Most lenders require a boundary survey before you can get a loan for land. A boundary survey is performed by a professional land surveyor to locate and verify each corner of the lot and place markers to define property lines. The surveyor’s assessment is included in the paperwork you present to the lender.

Zoning
Knowing zoning and land use restrictions helps you plan with confidence. Your local planning department can guide you through what’s possible for your property.

Access
Many lenders will also ask you to provide detailed plans for land development. Your plans will depend on whether the land is raw, improved, or unimproved. This is often determined by checks to assess whether the land has access to utilities like water, sewer, electricity, cable hookups, and public roads.