While many traditional national banks are hesitant to lend on vacant land, you have several other avenues: Land loans: Everything you need to know - Rocket Mortgage

: For parcels that are ready for construction, with access to public roads and existing utility hookups. These generally offer the most favorable terms and lower interest rates. Financing Options

: For land that may have access to some infrastructure or utilities nearby but isn't fully connected yet. These are viewed as slightly less risky than raw land.

: Used for entirely undeveloped land without access to utilities (water, electricity, sewer) or roads. These are the hardest to finance and often require the highest down payments (35–50%) and interest rates.

The type of loan you qualify for and the interest rate you'll pay depend heavily on how developed the land is: