Lot loans

your Land for Your home 

Building your dream home starts with the perfect lot. 
Get Started
Rear view of an embraced couple looking at built structure from outside.
At a Glance

Choosing the Right Mortgage

A lot loan is typically used to finance the purchase of a plot of land with the intention of building a home on it in the future. Let us help you evaluate your options and find the perfect mortgage solution.

Low Down Payment Options

Down payment options as low as 20% for fixed-rate loans and 35% for adjustable-rate loans.*
Icon calendar

Flexible Terms

Finance up to 80% of the market value and make affordable payments for the next five years.

Convert to a Construction Loan

Easily convert to a construction loan when you're ready to start building.
rates

Land Loan Rates Starting as low as 6.000% (7.406% APR)*

First Steps

How to Get Started

Getting started on a mortgage is simple when you know the key steps to take, from exploring your options to submitting your application.
Fast App

Get Pre-qualified

Take the guesswork out of your home search. By knowing how much you can afford, you can find the perfect home that fits your budget and be one step closer to moving in. Start your application now and we'll be happy to walk you through the next steps.
Young couple holding keys to first home
Mortgage specialists

Find Your Perfect Mortgage with Expert Help

Not sure which mortgage loan is right for you? Our Mortgage Specialists are here to guide you every step of the way. Contact a local expert to get personalized advice and find the loan that fits your needs. Locate a Mortgage Specialist or call (863) 688-8443 or toll free (855) 915-4663.
Couple meeting with MIDFLORIDA Mortgage Specialist. They are sitting at desk with documents and a digital tablet presentation.
Number one

Let's Chat

Answer a few simple questions and we will connect you with a mortgage expert to help find the perfect product for your needs.
Number two

Processing Your Application

Once we've matched you with the right product, we will guide you through every step, helping you gather the necessary documentation to process your application.
Number three

Approval & Funding

When you find your dream home, our team will guide you through the mortgage closing process, ensuring all final steps are completed smoothly.
Calculator

Estimate Your Monthly Payment

Use the calculator below to calculate your monthly lot loan payment. 
More Loan Types

Explore Other Mortgage Options

Consider these additional mortgage loan options that might be a better fit for your financial situation.

Couple with contractor working on house plans

Construction-to-Permanent

Enjoy the convenience of one loan, one set of closing costs and one closing date with a construction-to-permanent loan.
Learn more
Woman with dog on porch with moving boxes

Adjustable-Rate Mortgage

An adjustable-rate mortgage saves borrowers money upfront with lower interest rates and a lower payment for an initial period, and adjusts after that.
Learn more
Family in living room with boxes

Fixed-Rate Mortgage

Financing with a fixed-rate mortgage provides you with the stability of always knowing what your principal and interest payments will be each month.
Learn more

First-time homebuyer

Curious about the home-buying process? Discover what to expect from your real estate agent, mortgage loan officer, and your own role.
Read More

How to get a loan

Ready to secure your mortgage? Learn all about the loan process from application to funding in our step-by-step guide.
Read More

Mortgage Checklist

Make sure you're fully prepared. Check out our complete list of the documents and information you'll need to gather for a smooth mortgage loan process.
Read More

Planning for Homeownership

Start planning for your future home today with tips and advice on where to start from our mortgage experts.
Read More
Dive Deeper

Insights and Tips from Our Blogs

View All
*MIDFLORIDA Credit Union membership, eligibility, and credit approval required, 6.000% is a 1-year promotional rate. Payment example: Based on a minimum credit score of 700, a 1-year adjustable rate vacant land loan for $100,000 with a minimum 35% down at 6.000% interest rate and an Annual Percentage Rate (APR) of 7.406%. The monthly principal and interest payments are $843.86 during the first 12 months. The interest rate may adjust once every 12 months thereafter, based on the 1 year US Treasury Bill rate (4.340% as of December 02, 2024) plus a margin of 2.75%, with a maximum interest increase of 4% over the rate at closing. The monthly payment amount after the first adjustment based on current rates will be $895.72 and the highest possible monthly payment during the life of the loan could be $1,041.00. Promotional Rate and margin may vary based on credit history and underwriting guidelines. Advertised terms are valid as of December 02, 2024, and subject to change without notice. Other conditions apply. Ask your mortgage loan officer for details.

MIDFLORIDA Credit Union membership, eligibility, and credit approval required. Payment example: Based on a credit score of 700, a fixed rate residential lot loan for $100,000, amortized over 20 years, with 20% down 7.500% and an Annual Percentage Rate (APR) of 8.262%, has a monthly payment of $805.59, with a balloon payment due after 5 years of $87,707.90.  Advertised terms are valid as of December 02, 2024, and subject to change without notice. Minimum credit score 680. Other conditions apply. Ask your mortgage loan officer for details.