Thinking about buying an adjacent property but seems like most financial institutions don't like to do undeveloped "vacant land" loans due to higher risks. Owner said he'll finance but we haven't come to any final price yet. I wanted to know what rate/terms he has in mind but wouldn't mind finding out the current rate/terms in the loan industry. Looks like my credit union does 75% of purchase price at 5.90% loan for 12 years. Are there other institutions that are known to offer decent rates/terms for vacant land purchase? I'm aware of doing a HELO or equity cash out process for this transaction. Thanks for your input.