I am buying some land for hunting (63 acres). It is overgrown farmland and is classified as agricultural. I am getting a loan through an agricultural lender (and putting 50% down), but I decided to call around just to compare interest rates. I was shocked to find most banks will not give loans on unoccupied land...regardless of how much you put down. I found a few that would give a loan with the stipulation a house must be built on it within six months or a year. Not a single one would loan money for a recreational property with no plans of putting a building on it. Is this a result of the bad loans of a few years ago? Or has it always been like that? Most of the people I talked to didn't understand why someone would want a plot of overgrown farmland. I am just flabbergasted over this. In my mind, it would be a pretty safe loan for the banks. It isn't like there is a factory down the road pumping out good hunting land.