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Land Loan Rates and Mortgage Financing Options

Michigan vacant land loan rates.

An important part of financing vacant land is to determine what interest rate you will qualify for based on your credit and loan type. Use the chart below to estimate the interest rate for your land loan and determine your mortgage payment. The rates below are estimated rates for land loans in Michigan.

To determine if you are eligible you will need to contact a loan officer to review your credit situation. Eligibility includes a minimum credit score of 660, 20% equity in the property and a debt to income ratio 40% or less.

Interest Rates for Vacant Land Loans

For a personalized land loan quote call a licensed loan officer today at 800-555-2098. We will be glad to assist you in reviewing loan options that may fit your situation.