Land Lots

LOAN OPTIONS

Land Lot Loans

LOAN OPTIONS

Land Lot Loans

Secure the Perfect Spot for Your Dream Home

Found the perfect land to build your dream home? Whether you plan to build your home right away or a few years from now, GMM is here to help you get started. Our Land Lot Loan is a loan that can be used to finance the purchase of land or a lot property for your new home.

What is a Land Lot Loan?

If you are interested in owning a piece of property for a home, but are not quite yet ready to build, a land loan can give you the opportunity to secure the land you want without tying you down to specific building deadlines.

Undeveloped Land Loan

Raw land loans are designed to provide funding on property that is completely devoid of improvements. This particular type of financing would apply on a piece of land that has no existing utility lines or even easy access to them, for example.

Developed Land Loan

Unlike raw land, lot land has some type of infrastructure already in place, such as lines for electricity and water, those that have provable access to lines and also those that are already located on paved roads. Lot land is usually building space for residential construction in developed areas.

Locate a Mortgage Loan Officer near you.

Find a Mortgage Loan Officer

Need help? Give us a call.

800.327.9862

We’ll get right back to you.

Send Email

Available in the following lending territories: VA, MD, DC, NC, SC, WV and PA.*
*Property must be located within 90 miles from a United Bank branch.

United Bank is an Equal Housing Lender. As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age (provided you have the capacity to enter into a binding contract), because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act. The federal agency that administers our compliance with these federal laws is the Federal Reserve, Federal Reserve Consumer Help, PO Box 1200, Minneapolis, MN 55480.
This is not a commitment to lend. Mortgage products and services are offered through United Bank. All loan applications are subject to credit and property approval and must meet loan program requirements to qualify. Annual Percentage Rate (APR), programs, rates, fees, closing costs, terms and conditions are subject to change without notice and may vary depending upon credit history and transaction specifics. Other closing costs may be necessary. Flood and/or property hazard insurance may be required.  Speak with a Mortgage Loan Officer for more specific information.
United Bank and its representatives do not provide tax or legal advice. You should consult your individual tax or legal professional before taking any action that may have tax or legal consequences.