Are there term limits on vacant or raw land loans?
Each lender will establish their own limits. There is no federal requirement. A lot loan for one person can differ from a commercial plot that will have many homes and that can differ from a commercial lot that will potentially have a shopping center built on it, so each lender will establish terms they are willing to extend credit under, and the relationship with the borrower, the use of the land, and purpose of the loan will influence these terms.
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Each lender will establish their own limits. There is no federal requirement. A lot loan for one person can differ from a commercial plot that will have many homes and that can differ from a commercial lot that will potentially have a shopping center built on it, so each lender will establish terms they are willing to extend credit under, and the relationship with the borrower, the use of the land, and purpose of the loan will influence these terms.
