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Knowledge Base Article

Lot/Land Loan Requirements and Terms

What are the requirements for a Lot/Land Loan and what terms are offered?

Eligible Properties

  • A residential buildable lot or land not to exceed ten (10) contiguous acres

Ineligible Properties

  • Investment, commercial or working farm properties
  • Properties with existing structures or slabs

Loan Amount and Rates

  • The maximum loan amount will be no greater than 80% of the purchase price.

Purpose of the Loan

  • Proceeds of the loan may be used for purchase of the lot/land.

Terms of Loan

  • Maximum of 10 years
  • Minimum of 5 years

Documentation required to review and process the loan

  • Signed statement of intent to build a primary, secondary or vacation/seasonal residence on the on property within 10 years.
  • Income, asset, and credit documentation
  • Appraisal
  • Copy of signed sales contract
  • Additional tests may be required if public water and utilities are not present at time of financing.

Apply online at or call us at 866-963-7811 to schedule an appointment with a Home Loan Specialist

*You can verify on our website if we lend in the state where the property is located.