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- For future Primary residence or Vacation home
- Loan Programs
- Types of Land we can loan on
We have loans available to help you purchase a city lot, or 20+
acres out in the countryside to build your home on in the future.
You can buy land with all the utilities in or just plain acreage
with septic approval (perk test) and well with as little as 30%
down. We can also refinance an existing land loan. The intent
of these loans is that you will be building a primary residence
or vacation home on the land in the future. If you go through
us and the same lender again for your Construction loan, you will
get a credit of 1/2% (or more) of the lot loan amount towards
your Construction loan fees.
Most land loans are for shorter terms such as 30 due in 5. This
is a loan with a payment based on a standard 30 year term but
has to be paid off in 5 years (balloon). We do have different
terms available but this is the most popular for the greatest
variety of programs. We also offer longer term fully amortized
loans as well such as a 20 year fixed with no balloon payment.
City lots - Urban/Suburban sites Improved with public water,
sewer, utilities
Rural acreage - Utilities need to be at the Site Boundary. If
no public water, the well needs to be in and tested prior to close.
Septic in or "perk tested" county Septic approved.
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