Purchase Land & Pay For Construction Costs
If the homes currently available in the real estate market don't match what you're looking for, or if you prefer to build a home to match your unique needs, American Community Bank offers solutions you can work with. With our lot loan and construction loan solutions, you can purchase land for your future home and get financing to cover costs associated with building your home. Contact a member of our lending team to schedule a consultation and learn more.
Construction Loans vs. Lot Loans
| Loan Type | What You Need to Know About This Loan |
|---|---|
Construction Loans | A Construction Loan is a specialized loan product for those that are building their own home. Building your own home can be an exciting but complicated undertaking. Our Construction Loan program allows you to secure the financing you need to get your home built before you contact us again to secure your end mortgage loan. |
Lot Loans | If you have the perfect spot of land but aren't ready to build your new home yet, a lot loan from American Community Bank allows you to purchase the land so it's ready for development when you're ready. These loans include: Fixed rate terms of 10 or 15 years Loan to value ratios of up to 80% |
Contact Our Mortgage Lenders
Erin Hott
Loan Officer
NMLS: 1379970
Location: Schererville Office
Phone: (219) 440-5990
Michael Pastrick
Loan Officer
NMLS: 1539355
Location: Schererville Office
Phone: (219) 440-5990
Brian Wieser
Loan Officer
NMLS: 1576094
Location: Schererville Office
Phone: (219) 440-5990
Todd Williams
Senior Vice President, Lending
NMLS: 552314
Location: Schererville Office
Phone: (219) 440-5990