Buying unimproved land

[Chris Shuptar]

I'm looking at buying a piece of land for myself. What is different about getting that financed compared to a regular residential loan?

[Tim Bishop]

In general, land loans are not as easy to find as a residential loan.  That's the biggest difference.

Your intended use will have a lot to do with what type of loan you can find.  Start calling smaller banks in the area you intend to buy in and they can tell you more about it than I can.  Also start looking for owner finance... It's much more common for land than houses.