Raw land is typically vacant, undeveloped property without utilities or permanent structures. Also referred to as bare or vacant land, it’s often purchased for recreation like hunting, fishing and ATVing, long-term ownership or future home construction.

Who qualifies for a raw land loan?

Eligibility is based on a combination of borrower qualifications and property characteristics. A loan officer can help review your financial readiness and determine whether the land you’re considering is a good fit for raw land financing.

What types of land can be financed with a raw land loan?

Raw land loans can be used to finance several types of rural property, including: Recreational land, Hunting land, Future home sites, and Land intended for long-term ownership.

How much is required to put down for a recreational or raw land loan?

Down payment requirements vary depending on the property and the borrower. Low down payment options may be available, and in some cases, gift of equity between family members can be considered.

What are the steps to building a house on raw land?

Many buyers purchase raw land with plans to build in the future. A loan officer can help you understand financing options for buying land now and making site improvements, including construction, in the future.

Is a raw land loan the same as a bare land or vacant land loan?

Yes. Raw land, bare land and vacant land are often used interchangeably to describe undeveloped property. The loan structure used is based on the intended use of the land rather than the name used to describe it.

Can I use a raw land loan to buy hunting land?

Yes. Raw land loans are commonly used to purchase hunting land and other recreational property valued for outdoor use and enjoyment.

Do utilities or road access matter for raw land financing?

Yes, but it depends on how you plan to use the land. Legal access is required for raw land financing, either through direct access or a recorded easement. Utilities are evaluated based on intent. If the land is purchased strictly for recreational use, utilities are not required. If you plan to build on the land now or in the future, utility access may become an important consideration.

Raw Land Loans for Recreation or Home Sites

Looking to finance raw, undeveloped land in the Midwest? Our raw land loans help buyers purchase rural acreage, from hunting and recreational property to vacant land you plan to build on later. With long-term fixed rate options, Compeer Home is a top choice for land financing in Minnesota, Wisconsin and Illinois.

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Raw Land Loan Details

Raw land loans support the purchase of rural property that hasn’t yet been developed. This type of financing is commonly used when buying land before utilities, structures or construction plans are in place.

What Qualifies as Raw Land: Vacant or undeveloped property, often without water, sewer or electric services and valued primarily for the land itself.

How Raw Land Loans Are Used: Financing for rural acreage intended for recreation, long-term ownership or land you plan to build on later.

What’s Reviewed During the Loan Process: Property characteristics and borrower information, including land use, zoning, access and property valuation.

Flexible Financing Options: Loan structures designed for raw land, with long-term fixed rate options available to support planning ahead.

Recreational Land Loan Uses

Recreational land loans support rural property built around outdoor enjoyment. Whether it’s wide-open acreage, wooded trails or a quiet spot by the water, recreational land offers space to explore and unwind.

Land for Outdoor Adventures: Finance property used for hunting, fishing, camping, ATV or trail riding and other outdoor activities that make rural living unique.

Room to Make It Your Own: Recreational land is typically undeveloped, giving buyers the flexibility to enjoy the land as-is or shape it over time.

Built for How You Use the Land: Because recreational properties vary widely, loans are structured to match the land and its intended use rather than a traditional residence.

Rural Home Site Loans

Enjoy the freedom of securing your ideal location now and building when you’re ready. Whether you’re purchasing land for future construction or refinancing a site you already own, Compeer Home offers flexible terms to meet your timeline.

Flexible Timeline: Get up to 10 years to build or start paying down your loan.
Low Down Payments: Start building with accessible down payment options.
Choose the Terms: Choose from 10-year fixed rate or 30-year ARM/balloon options to fit your financial plans.

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Why Finance Land with Compeer Home?

Unique Rural Know-How

We understand the pull of the outdoors. With years of experience financing unique plots, we'll guide you through the process so you can focus on enjoying your land.
Midwest Roots

From the forests of Wisconsin to the plains of Illinois, we've helped land buyers across 144 counties find their perfect outdoor haven.
Your Partner in Adventure

We're not just lenders-we're outdoor enthusiasts like you. We understand the joy of nature because we live it too.
Built on Cooperation

As a cooperative, we're not just here to lend-we're here to invest in you. Every loan we make helps strengthen the communities we all call home, creating a brighter future together.

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Rural Recreational Land FAQ

Raw land is typically vacant, undeveloped property without utilities or permanent structures. Also referred to as bare or vacant land, it’s often purchased for recreation like hunting, fishing and ATVing, long-term ownership or future home construction.
Eligibility is based on a combination of borrower qualifications and property characteristics. A loan officer can help review your financial readiness and determine whether the land you’re considering is a good fit for raw land financing.
Raw land loans can be used to finance several types of rural property, including:
- Recreational land
- Hunting land
- Future home sites
- Land intended for long-term ownership
Down payment requirements vary depending on the property and the borrower. Low down payment options may be available, and in some cases, gift of equity between family members can be considered.
Many buyers purchase raw land with plans to build in the future. A loan officer can help you understand financing options for buying land now and making site improvements, including construction, in the future.
Yes. Raw land, bare land and vacant land are often used interchangeably to describe undeveloped property. The loan structure used is based on the intended use of the land rather than the name used to describe it.
Yes. Raw land loans are commonly used to purchase hunting land and other recreational property valued for outdoor use and enjoyment.
Yes, but it depends on how you plan to use the land. Legal access is required for raw land financing, either through direct access or a recorded easement. Utilities are evaluated based on intent. If the land is purchased strictly for recreational use, utilities are not required. If you plan to build on the land now or in the future, utility access may become an important consideration. A loan officer can help explain how access and utilities factor into financing for your specific goals.

Resources to Help You Buy Land

Buying land is an adventure, and we’ve got the tools to make the journey easier. From guides to expert advice, we’ll help you navigate every twist and turn.

View More Land Loan Resources