What is a Lot / Land loan?
Before you can start building your future dream home you’ll need to secure the right location. Whether your intentions are to build your new home in the near term or wait a few years you may find that you need to secure a buildable lot now before it’s gone. A lot loan is a mortgage used to purchase the land that you will eventually construct a home on.
Benefits of Lot Loans
Secure your build site now for a future build.
Lot Loan eligibility.
25% Down payment for loan amounts up to $350K, 10 Acres or less
35% Down payment for loan amounts up to $350K, more than 10 Acres
Qualify for a Lot Loan today!
For more information about Lot Loans please contact me at (614) 563-4086 / Bill.Lavelle@bankatfirst.com or fill out the quick quote on the right hand side of the screen.
• We offer our Lot Loans statewide in Ohio, Illinois, Indiana, and Kentucky