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Securing your piece of the Nevada dream with a land loan through Greater Nevada Mortgage (GNM), GNCU’s home lending subsidiary, is the perfect start for your future haven for lot sizes up to 10 acres.
Land Loans
Secure Your Nevada Lot for the Future
Vacant Land & Lot Loans
If you’re looking to invest in a piece of land in Nevada with intention to build a home, then look no further than Greater Nevada for financing options. Our land loans (also called “lot loans” and “vacant land loans”) come with competitive rates and terms–all for your convenience as you build your vision.
Why get a land loan with Greater Nevada? Put simply, because we offer a Greater lending experience: an easy application process, great rates, and personalized support from Nevada-based professionals.
Repayment
Take advantage of competitive rates as low as 7.50% APR1 with repayment terms up to 180 months.
Amounts
Loan amounts are a minimum of $10,000 and up to 75% of the appraised value of the land.
Lot Size
There is no minimum lot size, but the maximum is up to 10 acres large.
Location
The real estate you want to purchase must be located in Nevada.
Utilities
All the utilities must be on-site with access to a publicly maintained road.
Zoning
The land must be zoned as residential property, plus the intended use of the land must be to build a home in the future.
Let’s Buy Your Land or Lot
Applying for a land loan is as simple as going online or working with Mortgage Consultant for assistance. Let us answer your questions and guide you through the process
Difference Between Home Loans and Land Loans
Though these two lending options may sound similar, they’re actually quite different and you will need to plan accordingly. Home loans are traditional mortgages and include the purchase of land and a home (or other residential structure). Land loans are for land without any structures.
Land Loans
For those wanting to purchase land without structures or homes yet. Terms are up to 180 months.
Traditional Mortgage
For those wanting to purchase a house and the land on which it was constructed. Terms and rates vary by mortgage type.
Frequently Asked Questions
Let’s turn your land dreams into reality. Get the answers to all your questions about borrowing for your piece of the Silver State.
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Is it hard to get a loan to buy land?
As with most loans, you’ll need to qualify before a lender will approve you for funding. That means having a decent credit score. Interested to see where you stand with your credit report? Members can take advantage of GNCU’s free My Credit Health feature within Digital Banking offering a powerful one-stop-shop to access your credit score, credit monitoring, credit score simulator, financial tips, and more. All of this without impacting your credit score, and all online.
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What is the lowest down payment for land?
The short answer: it depends. The long answer: no two borrowers or pieces of land are the same. Therefore, no minimum down payment will be universal.
Apply for a Greater Nevada Vacant Land Loan
Apply for your land loan and turn your dream home into a dream reality! You can choose to apply online or book an appointment for personal guidance.
1APR (Annual Percentage Rate) effective November 16, 2022. Rates and conditions are subject to change without notice and vary based on creditworthiness and other factors. Rates shown assume excellent borrower credit history. Not all applicants will qualify for the lowest rate. Property must be located in the state of Nevada only. Greater Nevada Credit Union membership is required prior to loan funding, which is open to anyone living or working in any of Nevada’s 17 counties and members of their immediate family. Additional terms and conditions may apply. Payment example: A land loan of $50,000 financed at 7.50% APR for 180 months equals a payment of $463.97 per month.
Greater Nevada Mortgage | NMLS ID: 279738 | CA ID: 41DBO-61467 | Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act