Lot Loans
Take your dream location off the market fast with a large range Lot Loan program. Interest only payments with terms up to 5 years. Buy now and build later.
Lot Loan Programs
Terms of the loan will vary by lender but common lot loans include fixed and adjustable balloon type products which breaks the loan up over 30 years. Most lenders require anywhere from 10% to 20% down payment and at least one utility available from the street. Lot loans provide financing for the acquisition of unimproved land for a 2nd home or land that you intend to build your dream home on in the near future.