Land and Lot Loans

There is no need to wait on construction to secure the lot or acreage of your dreams. Secure the right land now—and build your dream home later.

With a land or acreage loan, you can purchase the ideal piece of land to build your dream home, even if you're not quite ready to start construction. Whether you are looking for a primary or a secondary residence, we offer the financing you need to acquire the perfect setting for your new home. 

Apply using our digital process—it’s quick, easy and convenient.

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Features

  • Flexible financing available for your future home   
    • Financing allows you to purchase the property you intend to build on at a later date. Fully amortizing, balloon and interest-only options are available. 
  • No prepayment penalties
    • You can partially or fully prepay your loan at any time with absolutely no prepayment penalty or fee. 
  • Competitive terms and interest rates
  • Portfolio loans
  • In-house underwriting


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Current Rates

Residential Land Loans
 
Loan Amounts
APR as low as**
*Up to a 15 year amortization 5 year balloon
$50,000 - $250,000
x.xx%
*5 Year
$15,000 - $49,999
x.xx%
Rates reflect a .25% discount for auto debit from a Broadway Bank account. Military rate discount of .25% available1.
*Click here to view assumptions and examples. 
Residential Lot Loans
 
Loan Amounts
APR as low as**
*Up to a 15 year amortization 5 year balloon
$50,000 - $250,000
x.xx%
*5 Year
$15,000 - $49,999
x.xx%
Rates reflect a .25% discount for auto debit from a Broadway Bank account. Military rate discount of .25% available1.
*Click here to view assumptions and examples. 

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Contact our Private Banking team today to see how you will benefit from modern banking that’s locally sourced and personally delivered.

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Assumptions and Examples

Residential Land Loans
A representative example of payment terms are as follows: A loan amount of $50,000 with a 65% loan to value (ltv) and an APR of 6.95% would have 59 monthly payments of $442.38 and a final payment of $38,969.89. These calculations are based on a 15 year amortization with a 5 year balloon payment. All loans and lines of credit are subject to credit approval, verification, and collateral evaluation. Rates and terms are subject to change without notice. Other terms available. Minimum loan amount is $15,000.

The bank offers loans to purchase unimproved residential land with up to 65% financing available to qualified borrowers.

Residential Lot Loans
A representative example of payment terms are as follows: A loan of $50,000 with a 15 year amortization and a 5 yr balloon payment, a 80% loan to value (ltv) and an APR of 6.20% would have 59 monthly payments of $421.83 and a final payment of $38,420.58. A 5 year loan of $15,000 with a 80% loan to value (ltv) and an APR of 7.09% would have 60 monthly payments of $289.98. All loans and lines of credit are subject to credit approval, verification, and collateral evaluation. Rates and terms are subject to change without notice. Other terms available. Minimum loan amount is $15,000.

The bank offers loans to purchase unimproved residential lots with up to 80% financing available to qualified borrowers.

**APR is the Annual Percentage Rate. APRs quoted assume excellent borrower credit history and reflect a .25% discount for auto-debit of the monthly payment from a Broadway Bank account. We will set your APR based on your circumstances, including your credit history, loan amount, and internal credit criteria. Lending area and other restrictions apply.

1Military rate discounts are for military customers and are available on fixed rate consumer loan accounts. Not available on consumer lines of credit, HELOC, mortgage or construction loans or any business loans. A military customer is any Retired or Active Duty service member, Reserve/National Guard Member, Veteran, ROTC or Academy Cadet, or dependent (immediate family member), and Department of Defense Civilian and Contract Personnel.
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