Land loans are used to finance the purchase of a plot of land. I'm curious what (if any) financing options would be available.Let us help you finance rural land. Your lender is going to need information about the land you want to purchase, the type of loan you desire and a few key financial documents. If you own a home with a significant amount of equity, you may be able to take out a home equity loan and use the proceeds to buy land. We explain the why and how behind filling out a balance sheet when getting a land loan. Article includes a balance sheet template. What Is a Land Loan? A land loan is a type of credit used to finance the purchase of a plot of land.