4 Best Land and Lot Loans in Nevada


Nevada land loans give aspiring homeowners in Nevada a way to buy acreage for an eventual new home build.

Key Terms

  • Land loans let you secure land now and build later.
  • Also known as lot loans, land loans can offer flexible payment options.
  • These loans don’t require insurance, saving you money on monthly payments.

Whether you dig the fun of Las Vegas or the spires of Red Rocks, living in Nevada always keeps you engaged and on your toes. With 109,860 square miles of land, according to the United States Census Bureau, this Western state is home to some dynamic towns, quaint desert communities and thriving metropolises.  

One thing is holding many Nevadans back, however— real estate prices are on the rise, and it’s getting more difficult for people to find their dream home. That’s why many in Nevada are taking out land loans, which is real estate financing that allows you to secure the piece of land you want and eventually build a home on your own terms.  With the value per acre in Nevada at $2115.67, per the New Estimates of Value of Land of the United States, homebuyers definitely have options when it comes to finding an affordable parcel of land. 

Land loans are a great alternative to construction loans in Nevada, since they allow you to build a custom home at your own pace. With a lot loan, you can find the raw land you want in the area you prefer and take your time with it. 

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Benefits of getting a land loan in Nevada

Buying a house is a costly endeavor. This is especially true when acquiring a newly constructed house. You could buy a reno project or older home, but that means months or even years of costly improvements and additions.

The second alternative is to reduce your plans so that your budget matches what is available. None of those possibilities seem appealing, which is why many individuals prefer to purchase unoccupied property instead.

Building a home yourself is far less expensive than purchasing a pre-built home. You will also have entire control over the style, layout, and design of your home if you build it yourself. With the price per acre as low as it is in Nevada, you could conceivably get a very large property for little money. And with the number of DIY housing kits out there and flatpack, modern homes, you could even complete the whole project for less than a home on the market right now. 

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4 Best Nevada land loan lenders

If you’re in the market to purchase land in Nevada, consider these land loan lenders that are available for projects in the state.

1. Greater Nevada Credit Union

Greater Nevada Credit Union is a member-owned financial institution available to anyone working or living in 17 counties in Nevada or immediate family members. It has provided a range of banking services since 1949, including home equity line of credit loans and mortgage loans and land loans for lots up to 10 acres in size and of up to 75%.

We asked Greater Nevada Credit Union for more details on their vacant land loan product and here is what they said:

  • Flexible repayment terms up to 180 months
  • Lot sizes up to 10 acres
  • Loan amounts up to 75% of the appraised value
  • All utilities must be on-site with access to a publicly maintained road
  • Zoning must be for residential property and located within the state of Nevada

When you’re ready to connect with a loan officer, use our form to quickly match with land and lot loan programs based on your specific circumstances.

2. California Bank & Trust

California Bank & Trust has been around for almost 70 years, providing a number of banking services for many needs in California. California Bank & Trust offers lot loans to use towards the purchase of a piece of property as well as construction loans to pay for building on a property.

We reached out to California Bank & Trust to discuss land loan terms, which you can read about below:

  • Qualify for up to 60% of financing on approved credit score.
  • Secure the site while you finalize architectural plans (construction projects preferred).
  • One closing instead of two saves borrowers time and money.
  • Closing costs, down payment and interest payments during construction can be rolled into the loan.

When you’re ready to connect with a loan officer, use our form to quickly match with land and lot loan programs based on your specific circumstances.

3. WaFd Bank

Based out of Washington state WaFd Bank serves areas of Idaho, Washington, Nevada, and New Mexico, meeting all of their banking needs. WaFd Bank offers a number of products to help its customers secure homes and property through home loans, lot loans and land loans.

We asked WaFd Bank for more details on their vacant land loan options and here is what they said:

  • Land and lot loans available in Nevada only
  • Land loans available even if construction is not imminent
  • Improved land loans available up to $700,000
  • 20-year term lot loan available for long-term plans.

When you’re ready to connect with a loan officer, use our form to quickly match with land and lot loan programs based on your specific circumstances.

4. America First Credit Union

American First Credit Union was started in 1939 in Salt Lake City, Utah which provides a number of loan products for construction. American First Credit Union offers products like lot loans, contractor built loans, self built loans, and construction loans to help people in the area to be able to build homes.

We reached out to America First Credit Union to discuss land loan details, which you can read about below:

  • 10-year fully amortizing
  • 20-year amortization with a five-year balloon
  • 30-year amortization with a five-year balloon
  • Up to 80% for purchase on fully improved residential lot where future owner-occupied home is to be considered.
  • Up to 65% for purchase or refinance on fully improved residential lot held for investment
  • Up to 50% for cash-out refinance on fully improved residential lot where future owner-occupied home is to be constructed. Maximum cash amount is $25,000
  • Lot must be free of structures
  • Origination is 1.00%
  • Appraisal: $400 (varies based on area)
  • Purchase contract (if applicable)
  • Most recent pay stubs and W2’s for previous two years
  • Tax returns if self-employed
  • Two month’s financial institution account statements

When you’re ready to connect with a loan officer, use our form to quickly match with land and lot programs based on your specific circumstances.

Does a Nevada home land loan make sense for you?

If you’re having trouble keeping up with the Nevada housing market, or if you just can’t find the home you need in the area you desire, a land loan might be the answer.

These money loans enable you to secure the most essential component in any property— the land itself – while you work out the other elements. With home price hikes expected to continue for the foreseeable future, this might save you a lot of money in the long run.

Land loans are also ideal for financing country retirement houses or the holiday home of your dreams. If you’re on the lookout for a different way to obtain the property you desire in Nevada, this might be it.

If you’re looking to explore land and lot loans in other states, check out our national overview of land loans as a starting point in your search.

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Joshua Holt

Joshua Holt is a licensed mortgage loan originator (NMLS #2306824) and founder of Biglaw Investor. His mortgage expertise lies in the areas of professional mortgage loans, particularly for lawyers, doctors and other high-income professionals. Prior to Biglaw Investor, Josh practiced private equity mergers & acquisition law for one of the largest law firms in the country.

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