Check your credit score and fix any errors before applying
Determine the type of land you want to buy
Gather details about the property, including location, zoning, and access to utilities
Save for a larger down payment, since land loans often require more upfront cash
Compare lenders that offer land loans, such as banks, credit unions, and specialty lenders
Ask whether the lender offers raw land, unimproved land, or improved land financing
Prepare income documents, tax returns, bank statements, and debt information
Create a strong plan for how you will use the land
Get a professional appraisal or property valuation if required
Review interest rates, loan terms, fees, and repayment schedules
Consider using a home equity loan, personal loan, or seller financing if a land loan is not available
Submit the loan application with all required documents
Respond quickly to any lender requests for additional information
Review the loan offer carefully before signing
Close on the loan and complete the land purchase