Intelligence

How Do Land Loans Work: Realtor or mortgage specialist

I’m working on a piece for those looking to take out a land loan to buy space to build a home or tiny house. I’m looking for a realtor or mortgage specialist to comment on the following: 1. How does a land loan differ from a traditional mortgage? 2. Are there different types of land loans? 3. Do borrowers need to have a larger downpayment for a land loan? 4. What kind of inspections or safety measures should borrowers take before buying land? Requirements: Must be a realtor, mortgage specialist, or lending professional