Land & Lot Loans

Land and Lot Loans in VA & NC

If you want to build the new home of your dreams, purchasing raw or improved land to build on is the first step. Land Lot Loans provide the financing you need to purchase a lot in a new development or a parcel of land in the perfect location.

Start the application process today – meet with one of our lenders to apply for a land or lot loan:

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When To Use Land and Lot Financing

Land loans can be tricky to qualify for depending on the condition of the land or lot you wish to purchase. Generally, the more improved the land is, the easier it will be to obtain financing. Improvements refer to the presence of utility hookups, clearing of trees/rocks, or any other “human touch” that has been added to the land to prepare it for a building site.

Raw land is, essentially, wild land that hasn’t been touched yet. It’s not impossible to obtain financing for raw land, but you’ll need detailed plans for what you’re going to do with the land, how long it will take, and the costs.

Alternatives To A Lot or Land Loan

If you currently own another home, consider a cash-out refinance, home equity loan, or HELOC to get the funds you need to purchase your land.  

Why choose American National Bank as your land loan lender?

With local, knowledgeable mortgage bankers, you benefit from quick turnaround times by people who know the market. American National’s tradition of community banking dates back over a century to our founding in 1909. We believe being local is more than just having an office in the community. It's about looking out for our customers with better banking options and quick, local decisions. Whatever type of home financing you’re looking for, we are here to help you achieve your goals. We know that it’s not just about getting a mortgage; it’s about building the life you want. With multiple banking locations in Virginia and North Carolina, we are proud to be your community's hometown mortgage lender.

Contact us today for a complimentary quote or a mortgage pre-approval appointment! Have questions? Contact a member of our local mortgage lending team today.