: Rates are usually higher than residential mortgages because vacant land is harder for a bank to sell if you default.
What do you have saved for a deposit?
Getting a loan for land is more complex than a standard home mortgage because vacant land provides no immediate shelter and is considered higher risk by lenders. 🏗️ Types of Land Loans getting a loan to buy land
: Most lenders restrict the Loan-to-Value Ratio (LVR) to 80% or less for titled land in metropolitan areas, and significantly less for rural blocks. ✅ Pro-Tip for Success : Rates are usually higher than residential mortgages