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Hunting Land Loans

Why Buy Hunting Land?

For many this is a generational story. Those of us who own land upon which we have garnered many memories of hunting together can answer this question with ease. “It’s a place we can call our own, always return to, and pass on for upcoming generations.”

Also, for many of us we had to take out a loan to make the process come together and we found that many banks were unwilling to give us a land loan to fulfill our dreams of creating hunting experiences on our own land in either Minnesota or Wisconsin.

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Northview Bank Lends on Hunting Land

Land financing with favorable terms can be difficult to get for hunting land. Since this type of loan has collateral that can be classified as unimproved or raw land, some lenders deem it a speculative investment. At Northview we don’t view hunting land, which is often passed down through the generations as speculative in nature. Many lenders think it’s easier for the owner to walk away from a property that is not their primary dwelling and therefore require a down payment of 35% or more and charge higher rates than typical home mortgage rates.

Do I Need to Build on my Hunting Land?

Some lenders require some type of development plan before they will finance bare land loans. Northview Bank views bare land loans in two distinct classes: development loans and hunting/recreation loans.

Northview understands that many bare land parcels have been passed down from generation to generation. If you buy one, you may plan to pass it down to your children. A hunting or recreational land parcel represents the family retreat, a place where the stories of the past years’ hunts or trips are shared from generation to generation around the campfire. Why should a lending plan change your heritage? Therefore, if you plan on building we can help you and if you don’t want to build we can help you.

10% Down Payment, Competitive Rates, and Quick Closing for Hunting Land

We have been the leader in financing bare land for decades, offering competitive rates and low down-payment programs. At Northview Bank, qualified borrowers can finance property with as little as 10% down, making land ownership easier!

With our easy-to-complete bare land application, your last two years’ W-2 or tax returns, a current pay stub, and a purchase agreement, we can have you approved the next business day, conditional on final appraisal and title work. 

In most cases we can close in three weeks and get you out enjoying your new property.

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