Blog > Land Lending in Idaho and Wyoming: What You Need to Know
If you’re considering purchasing land in Idaho or Wyoming—especially in sought-after areas like Jackson—you may need financing to make your dream a reality. Land loans differ from traditional mortgages, and understanding the lending landscape is crucial for a smooth transaction.
In this guide, we’ll cover:
- Types of land loans available
- Key lenders in Idaho and Wyoming
- Current interest rates and terms
- Tips for securing financing
Types of Land Loans
Land loans are categorized based on how the property will be used and its development stage:
Raw Land Loans – For undeveloped land with no utilities or roads. These are the hardest to secure and often require larger down payments (25-50%).
Unimproved Land Loans – Land with some basic infrastructure but no utilities. Down payments typically range from 20-30%.
Improved Land Loans – Land with access to roads, electricity, and water. These are easier to finance, with down payments around 15-20%.
Land Lenders in Idaho & Wyoming
1. Local & Regional Banks
Many community banks and credit unions in Idaho and Wyoming offer land loans with competitive terms. Some top options include:
- Bank of Jackson Hole (https://bankofjacksonhole.com/) – Specializes in land and construction loans in Wyoming.
- Idaho Central Credit Union (https://www.iccu.com/) – Offers land loans with flexible terms for Idaho properties.
- First Interstate Bank (firstinterstatebank.com) – Serves both Idaho and Wyoming with land loan options.
2. USDA Loans (For Rural Land)
The USDA Farm Service Agency (FSA) provides loans for rural land purchases, specifically for agricultural use.
Current Land Loan Rates & Terms (2024)
Interest Rates: 6.5% – 9.5% (varies by lender and land type)
Down Payment: 20% – 50%
Loan Term: 5 – 20 years (shorter than traditional mortgages)
Source: ICCU
Tips for Securing a Land Loan
- Have a Solid Plan – Lenders want to know if you’re building a home, farming, or holding the land as an investment.
- Strong Credit & Down Payment – A credit score of 700+ improves approval odds.
- Work with a Local Lender – Regional banks understand local land values better than national lenders.
- Consider Owner Financing – Some sellers offer direct financing with flexible terms.
Final Thoughts
Whether you’re buying land for investment, or future development, Idaho and Wyoming offer incredible opportunities. Research lenders, compare terms, and consult a local real estate expert to navigate the process smoothly.
Need help finding land or financing?
Sources: Bank of Jackson Hole / USDA FSA Loans