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lot loan
Buy your perfect lot today, build on your timeline.
the right lot, the right loan
buy land now, build later—with flexible terms that fit your goals
Found the perfect lot but not ready to build just yet? A Lot Loan from United gives you the ability to secure your dream property now and build on your timeline. With a simple process and a range of term options, our team is here to help you move from land purchase to home construction—when the time is right for you.
This loan is ideal for members looking to purchase land for a future residential build, whether it’s a primary residence, vacation home, or investment property. Choose from fixed or balloon loan options designed to meet your financial needs.
Our local mortgage advisors can help you explore your options and guide you every step of the way.
Features
- Purchase a lot with as little as 20% down1 – Secure your lot with as little as 20% down
- Flexible term options2 – Choose from a fixed 10-year or 3-year and 5-year balloon options
- Up to 25 acres eligible – Plenty of space for your dream home or future plans
- Use for multiple property types – Buy land for a primary home, secondary residence, or investment property
- Loan amounts up to $500,0003 – Finance a wide range of lot sizes and locations
- Up to 80% Loan-to-Value (LTV) – Finance up to 80% of the lot’s value with qualified credit
- 30-year amortization with 3 or 5-year balloon options
Ideal For:
A lot loan, also called a vacant land loan, is an excellent choice for those who’ve found the perfect residential property but aren’t ready to start building just yet.
Frequently Asked Questions
A: A Lot Loan can be used to purchase land intended for a future residential build, including primary residences, secondary homes, and investment properties. Lots up to 25 acres may qualify, depending on location and property characteristics.
If you have a specific parcel in mind, a Mortgage Advisor can confirm whether it meets program guidelines.
A: Lot Loans typically require a minimum down payment of 20% for well-qualified borrowers. The exact amount may vary depending on your credit profile, loan size, and property details.
To understand your down payment requirement, connect with a Mortgage Advisor.
A: United offers flexible term options to fit your plans. You can choose a fixed 10-year loan or a balloon loan with a 3-year or 5-year term. These options make it easy to buy land now and decide later when you want to begin building.
If you’re unsure which term works best for your timeline, talk with a Mortgage Advisor.
A: A Lot Loan allows you to purchase land now and build later. When you’re ready to begin construction, you can apply separately for a Construction or Construction-to-Permanent loan. This gives you flexibility to secure land first and finalize building plans on your own timeline.
To explore future construction financing, connect with a Mortgage Advisor.
A: Lot Loans are available up to $500,000 for qualified borrowers. Loan-to-value ratios may be as high as 90% depending on your credit profile and property details, giving you more flexibility when purchasing a lot in your desired location.
If you’d like help estimating your maximum loan amount, reach out to a Mortgage Advisor.
plan your next move
explore our mortgage calculators
Understanding your mortgage options can make a big difference in your financial future. Our mortgage calculators help you figure out monthly payments, estimate costs, and explore loan types to find what works best for you. Whether you’re buying a home, refinancing, or planning for the future, these tools give you the information you need to make confident choices.
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Offer and terms subject to change. Loans subject to credit and collateral approval. Rate and term based on individual credit history and program guidelines. Consult a mortgage advisor for more details.
[1] Minimum 20% down payment required. Certain restrictions apply.
[2] Payment example, $250,000 financed for a 10-year term at a fixed rate of 7.352% APR equals a monthly payment of $2,918.84. Payment example, $250,000 financed for a 3-year term / 30-year amortization schedule at 6.723% APR equals a monthly payment of $1,600.78 for 3 years. If only the minimum monthly payment is made, at the end of the 3-year term, a $242,842.73 balloon payment is due. Payment example, $250,000 financed for a 5-year term / 30-year amortization schedule at 7.100% APR equals a monthly payment of $1,663.26 for 5 years. If only the minimum monthly payment is made, at the end of the 5-year term, a $236,992.01 balloon payment is due.
[3] For well-qualified borrowers with 680+ credit score.