I am a first time buyer looking for land. Is there a credit check? How much down payment is needed?

If you plan on building a home right away it is much easier to obtain a loanVA zero downFHA 3.5%There is also a 95% conventional out there but I don't know who the lender is.I can originate the VA and FHA, you are allowed to refinance after the house is completed and you move in.

And yes, there is a credit check.

There are no conforming loan guidelines for land loans.. each lender who lends on land will have their own set of rules... but in general,you will need 20% to 40% for down payment and yes.. they will need to look at your credit... William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347

Yes a lender whether it be to finance a lot or do a construction loan will need to check your credit. You will need to go to a lender that does land loans.