Land loans are an ideal option for those looking to purchase land for residential, commercial or agricultural purposes. Here are some things to consider when applying for a land loan:

1. Determine the size, location and features of the land you want to buy.

2. Research your local zoning rules and regulations—and be sure that the land is suitable for your intended use.

3. Consider any natural features of the property, such as trees, water sources and topography that may affect its market value.

4. Make sure you understand the down payment requirements and repayment plan associated with each loan program before deciding which one is right for you.