Calculate land loan payments, interest rates, and financing options for vacant land purchases with detailed payment schedules and cost analysis
HOA fees, maintenance, utilities, etc.
Land loans typically require 20-50% down payment, higher than home loans.
Most land loans have terms of 10-20 years, shorter than traditional mortgages.
Land loans usually have higher interest rates due to increased lender risk.
Consider utilities access, zoning restrictions, and development costs
Factor in survey costs, environmental studies, and permits
Land loans may have variable rates or balloon payment terms
Consider your construction timeline and financing transition