BFI Blog

Land Loans

Land loans are a form of financing by a bank or other financial institution for the sole purpose of purchasing a plot of land. The land being purchased may or may not be fully ready to be developed or built upon, meaning it is either raw (untouched) land. Some plots already have sewer and utility lines run so that the land is ready to be developed immediately.Loan terms for any financing option are determined and agreed upon by both parties prior to funds being given or a contract being signed. Interest rates and repayment time for land loans will vary based on location, market, credit worthiness and other factors.

    Non-Traditional Construction Loan Types

    There are several types of typical construction loans, but there are also a few lesser known loan-types that may be of interest to builders, brokers and investors: Model loans, land loans and..

    Read More >

    SUBSCRIBE TO OUR NEWSLETTER AND KEEP UP TO DATE