Definitions for "LAND LOAN"
A land loan is just that, a loan on unimproved land. Land loans may be used to purchase land, refinance etc.
Money loaned for the purchase of raw land.
A loan for the acquisition of land without any improvements thereon. Usually held in anticipation of zoning and until plans are drawn and construction financing can be obtained.
Keywords:  wise, choice
a wise choice
Keywords:  built, involves, structure, type, loan
This type of loan involves only land on which a structure has yet to be built.