Does anyone have a recommendation on a lender for a land purchase in either Northern New Mexico or Southern Colorado? We've been looking for a while now and are planning a visit in the coming weeks to see several options. We've never purchased land before so not sure what the best way would be to qualify for a loan. I was thinking it would be similar to a home purchase and need to go through the application process like we've done before to get qualified for a certain amount.

Some details, we are looking at raw land in the range of 3-30 acres and $30k-199k. The goal would be to eventually place a small cabin on the land for family vacations and potentially renting out via AirBNB or VRBO. But we would not initially be building anything.

TIA

I recently used Capital Farm Credit. Their rate is high though but you become a "shareholder" and get cash back every year. I've heard Prosperity Bank does land loans also. You may get a better rate with them.

I would talk to local banks in the areas of interest.

thanks for the input guys

Jay from Ags Reward also mentioned to contact local banks

Are you using realtors? If so ask them. They know where the money is locally