Land Loan Rates & Terms?I might purchase some land in Maine. Are the rates the same as a reg. conv. mtg?Also, what percentage is the downpayment requirements? The terms 5, 10, 15, 20, 25, 30 Year.?Once the land is paid off, can I borrow the equity from it to build a home? If so, what % can I borrow if the land is paid in full?Thanks again for ALL your help on this forum!July 01 2010 - Holbrook11YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.