Lot Loan*
Found the perfect lot for your next home? With our lot loan program, you can buy the lot now, and then finalize your plans for construction anytime within the next five years. Even better, State Bank can provide your construction loan when you are ready to build.
u To be used for potential building project within 5 years
u 5-year balloon term; 15-year amortization
u 20% down payment required
u Maximum loan-to-value of 80%
u Maximum 10 acres
All loans are subject to credit approval. Ask your State Bank mortgage loan officer for details on rates and fees. Certain restrictions apply. NMLS#504503.
