Land Financing

Land loans in Texas operate as financial tools designed to provide individuals with the necessary funds to purchase land for various purposes. The application process is similar to a mortgage. You can apply for a land loan by clicking here.

All rates and terms are subject to change without notice. Loan rates are subject to credit approval and based on individual creditworthiness, amount financed, and loan term. Your Annual Percentage Rate (APR) will be determined by factors, such as credit score, debt-to-income ratio (DTI), and other qualifications. View our land loan rates here.

Land Loans can be used to finance land for various purposes. 

At Education First, you can borrow up to 90% of the land's appraised value or sales price, whichever is less. You can expect to pay down a minimum of 10% of the land's appraised value or sales price. 

The monthly payment schedule for a land loan is very similar to a mortgage loan. Terms up to 180 months on land loans are available.

Construction loans are commonly used when a home-builder or individual wants to buy a lot or land and start building a home immediately. If you want to purchase the lot or land ahead of time and plan on building at a later date, a land loan would be the best option.