Contact Us at 757.569.6000
Lot Loans
If you plan to build your home from the ground up, but you may not be ready to start construction right away, a lot loan is a great way to purchase your dream property without needing a construction loan. It is important to note that with this type of loan, you cannot place any structures on the lot—including trailers or mobile homes—until a construction loan has been secured.
A Bronco Lot Loan offers you:
- A way to secure your dream property
- A chance to finance up to 80% of appraised value or sales price, whichever is less
- The time you may need before building
- Competitive rates based on credit worthiness, loan amount, and term of loan
- A friendly Bronco Real Estate Lending Specialist to walk you through the process
- The convenience and service of a community financial resource
Not yet a member? It's easy. Simply call 757.569.6000 or email us. Already a Bronco member and want to open another account? Call us or come on in and bring your ID.
Must maintain adequate insurance. 5% penalty for late payments. Interest rate is determined by credit score. See a Real Estate Loan Specialist or contact us at 757.569.6000 for more details. Membership eligibility required. Not all applicants will qualify.