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Explore Our Lot Loan Programs: 5 Tips for Securing the Best Rates in Florida

Updated: Aug 24

5 Tips for Securing the Best Interest Rate on Your Lot Loans in Florida

At Bennett Capital Partners, we appreciate the unique opportunities and challenges that come with securing a land mortgage in Florida, particularly in Miami. With over 20 years of experience and more than $2 billion in residential and commercial mortgages originated, we're well-equipped to help you navigate the complexities of lot loans.

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Bennett Capital Partners Lot Loans

Bennett Capital Partners Land Loan Program

At Bennett Capital Partners, we offer a unique land loan program designed to help you achieve your real estate goals. Our program highlights include:

Minimum Loan Amount of $100,000 up to $825,000

LTV up to 65%

No prepayment penalty

Purchase Only

Max term of 240 months

We're proud to offer financing for a variety of eligible properties, including income-producing properties with acreage, recreational property (i.e., hunting), and individual buildable lots. However, certain properties, such as development sites, speculative sites, and properties located adjacent to or containing environmental hazards, are ineligible for our program.

Qualify with Profit & Loss Only, 1 Year Self Employed Allowed, Bank Statements for Income Allowed, and Traditional Income Verification only for 1 year.

Understanding the Dynamics of Land Mortgages in Florida

A land mortgage, often referred to as a land loan, is a specific type of financing that enables you to acquire a parcel of land. Unlike conventional home mortgages, land loans necessitate a distinct set of approval criteria. These loans are frequently utilized by individuals aspiring to construct their own homes or by real estate investors scouting for novel opportunities.

In the context of Florida, land mortgages bear a unique significance owing to the state's vibrant history and promising future. Florida's real estate market has witnessed several cycles of boom and bust, predominantly driven by economic factors, population growth, and alterations in land use.

The Historical Allure of Florida's Land

Historically, Florida has been a coveted location due to its favorable climate, picturesque landscapes, and abundant natural resources. In the early 20th century, Florida experienced a substantial real estate boom, with investors thronging to the state to purchase land. This was succeeded by periods of decline during economic downturns, but the long-term trend has been one of growth and appreciation.

Today, Florida continues to attract individuals and investors from across the country and around the world. The state's population is burgeoning rapidly, and there's a robust demand for both residential and commercial real estate. This demand, coupled with limited land availability in many areas, has led to significant land value appreciation.

The Investment Potential of Florida's Land

Investing in land in Florida can be a remarkable long-term investment strategy. Land is a tangible asset that, unlike other types of investments, doesn't depreciate. Instead, the value of land typically appreciates over time, especially in high-demand areas like Florida. Additionally, owning land provides opportunities for income generation, whether through development, leasing, or selling at a profit in the future.

However, like any investment, purchasing land comes with its own set of risks and considerations. It's crucial to conduct your research, comprehend the market, and consider your long-term plans for the land. At Bennett Capital Partners, we're here to assist you in navigating the process of securing a land mortgage and making informed decisions about your real estate investments.

Navigating the Land Mortgage Process

Securing a land mortgage involves several steps. First, you'll need to have a good credit score. At Bennett Capital Partners, we require a minimum TransUnion Credit of 660. Next, you'll need to have a detailed plan for the land. This could include building plans if you're planning to construct a home, or business plans if you're an investor. For more information on this process, visit our Land Mortgage page.

In the context of Florida, land mortgages hold a unique significance due to the state's rich history and promising future. Florida's real estate market has seen several cycles of boom and bust, largely driven by economic factors, population growth, and changes in land use. Remember, investing in land is a significant decision, and it's essential to have a good resource for funding.



Securing a land mortgage in Florida and Miami doesn't have to be a daunting process. With the right guidance and a clear understanding of the process, you can secure the financing you need to make your real estate dreams a reality. At Bennett Capital Partners, we're here to help. Contact us today to learn more about our land loan program and how we can help you navigate the rising tide of real estate in Miami. If you are looking for Fix N Flip loan programs please read our blog post here.


At Bennett Capital Partners, we specialize in providing innovative financing solutions for vacant land mortgages. Our Vacant Land Mortgages page offers fixed-rate, adjustable-rate, and interest-only options to suit your needs.

If you own a property and are looking for Fix and Flip Loans read our blog post here. We specialize in this type of loan program for investors and property flippers.


What is a land loan?

A land loan is a type of financing that allows you to purchase a plot of land. They are typically used by individuals who want to secure a specific location but are not yet ready to begin construction.

How does a land loan work?

A land loan works similarly to a traditional loan. However, the loan is secured against the plot of land you intend to purchase. The loan amount is typically based on the appraisal value of the lot.

How much is a down payment for a lot?

The down payment for a lot loan is typically higher than that of a traditional mortgage. It can range from 20% to 50% of the purchase price.

Is it better to buy land or a house?

The decision to buy land or a house depends on your individual needs and circumstances. Buying land allows you the freedom to design and build your dream home. However, it can also require a larger upfront investment and more planning.

How can I finance a lot loan?

Financing a lot loan can be done through various lenders including banks, non-banks, and hard money lenders. It's important to compare different loan offers to find the one that best suits your needs.

Philip Bennett

Philip Bennett

Philip is the owner and Licensed Mortgage Broker at Bennett Capital Partners, Bus. NMLS # 2046828. He earned his degree in Accounting and Finance from Binghamton University and holds a Master's Degree in Finance from NOVA Southeastern University. With more than 20 years of experience, Philip has been a leader in the mortgage industry. He has personally originated over $2 billion in residential and commercial mortgages.

Learn more about Philip Bennett's background and experience on our Founder's page. Whether you're a first-time homebuyer or a seasoned real estate investor, our team is here to help you achieve your real estate goals. Don't wait any longer, contact us today and let us help you find the right mortgage for your needs.


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