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Lot & Land Loans

LOT & LAND LOANS

Ready for your next adventure.

Lot & Land Loans

Thinking of purchasing a lot to build your dream home or cabin? Or, possibly buying some land for recreation, investment or future build? Lake Area Bank offers competitive lot and land loans to assist with whatever your next adventure brings.

Lot Loans

A lot loan is short-term financing used to purchase an improved lot that has curbing and/or utilities in place, with the intent to build a new home or cabin on it within a year. This loan option is typically used when someone finds the perfect lot, but maybe hasn’t developed plans or chosen a builder yet. With a Lake Area Bank lot loan, you can borrow up to 75% of the appraised lot value.

Land Loans

A land loan is used to purchase raw land and does not need to be improved land with utilities in place. A land loan is typically used for individuals wanting land to use for recreation or future build. With a Lake Area Bank land loan, there are longer term options and you can borrow up to 65% of the appraised land value.

The following is a list of our NMLS Registered Location Managers.

Additional Services

Other products and services offered by Lake Area Bank.

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    From time to time, we provide links to other websites for the use of our customers, which have been compiled from internal and external sources. By clicking “continue” below, you will be opening a new browser window and leaving our website. Although we have reviewed the website prior to creating the link, we are not responsible for the content of the site.