Financing raw land is a different animal from buying a house, and in many areas the honest answer is that most land trades in cash. Lenders are wary of undeveloped land for concrete reasons. It's illiquid, so it can be slow and hard to sell. It usually produces no income, short of renting it out for something like camper or boat storage. And if the loan goes bad, the lender is left marketing a parcel of dirt, a much weaker position than foreclosing on a house people want to live in. So expect tougher terms across the board: - Much lower loan-to-value. Plan on a substantially larger down payment, commonly on the order of 40 to 50 percent or more. Confirm current requirements, since land-loan terms vary a lot by lender and location. - Higher rates and terms than a comparable home loan. - An ongoing payment against an asset that generates no income and provides no shelter in the meantime. The process ends up being less about qualifying for a familiar agency loan and more about finding a lender willing to do land at all, then bringing significant cash and accepting the tougher terms.