Getting a Land Loan Is Trickier Than Getting a Mortgage Fact checked by Melody Kazel A land loan is a type of credit used to finance the purchase of a plot of land. It’s sometimes called a lot loan.

Land loans and home loans differ primarily in terms of down payment, interest rates, and loan requirements. Land loans ...

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A land loan lets you borrow money to purchase an empty plot of land, although there are different types of “land” that fall under these products, ranging from raw land that has no access to utilities ...

You may be able to use a home equity loan to secure a loan to buy — and potentially improve — a plot of land. A home equity loan might offer better terms and interest rates than other financing ...

In a sign that the vultures are circling around troubled loans, LandCap Partners of Los Angeles announced plans to buy $40 million of troubled land and construction loans from Wachovia Corp. of ...

Buying land can open potential for business, investment or building a home, but lenders typically don’t offer traditional mortgages for land without a valuable structure on it such as a home.