Land Purchase Down Payment

[Felicia Richardson]

Hi all! Do most Lenders require 20% down on a land purchase? I've spoken with Vystar Credit Union, AgSouth and Navy Federal. They all stated 20% is needed. So I was just wondering if its the industry standard for that type of purchase.

[Brandon Croucier]

20% down is terrific on land.

It's a non income producing asset which has increased volatility, typically I see 65 LTV max on land as of late.