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What are Land Loan Appraisals?

August 27th , 2018 By Laura Mueller

Before the bank will lend you money to purchase land (or before you can use your land as collateral for a loan), you will be required to get a land loan appraisal. Just like with a home appraisal, a land loan appraisal is used to determine the general value of a property. But the appraisal process itself is a little bit different than it is for a home. Here’s what you should know about getting a land loan appraisal before you start the process.

To read the full article on the LandHub website, click here.