Whether you are interested in purchasing vacant land as an investment, for future use or to build your dream home, securing financing for vacant land can be somewhat challenging. Mortgage lenders look at vacant land mortgages as higher risk loans, and therefore interest rates are usually quite a bit higher than standard residential discounted mortgage rates in Canada. If you have immediate plans to build, then you will be able to finance vacant land with a minimum Viagra 25% down payment. With no immediate building plans, the vacant land down payment requirements increase to 40-50% down payment. Financing vacant land can be very situational dependent and the amount required for down payment, qualification criteria and interest rates will vary from one situation to another.