Have you found the perfect lot for your dream home? Whether you plan to build your home right away or you want to secure your land for later, CCNB is here to help you get started.
A Lot Loan is a loan that can be used to finance the purchase of land or property for your new home. Lot loans are offered as a short-term solution to acquire land in order to build at a later time. Lot loans are balloon loans with either an interest only payment or a principal and interest payment. Terms of up to 2 years on interest only and up to 5 years principal and interest (15 year amortization) are available with at least a 25% down payment.