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Lot Loans


Your dream project starts with a smart financing option

Build a Custom Home with a Lot Loan

Your big plans for a custom home require financing that can help you break ground sooner while saving you money. United Bank's lot loans are the answer.*

Lot Loan Overview

  • Borrow up to 75% of the purchase price or appraised value, whichever is less, on approved building lots
  • Features flexible rates and terms

You’ve found the ideal location for your new home. United Bank can help you finance it. Contact us today to learn how a lot loan can put you one step closer to securing your perfect piece of land.

What is a lot loan?

A lot loan is a short-term loan that can help you fund the purchase of land you are planning to build on. Unlike a construction loan which provides money for costs related to the actual building of a home, a lot loan is used specifically to buy an undeveloped piece of property in a residential area.

How does a United Bank lot loan work?

With a United Bank lot loan you can borrow up to 75% of the purchase price or appraised value of the land, whichever is less. The land must be an approved building lot zoned for residential construction. Our loans require a 25% minimum down payment and feature a variety of interest rates and terms to fit your financial requirements and budget.

Benefits of a United Bank lot loan
  • Competitive rates and terms
  • A convenient way to finance a lot for your primary residence or vacation home
  • Step-by-step assistance from a United Bank lot loan specialist

Put the property you want within your financial reach. Contact United Bank today and inquire about a lot loan today. Let our team help you acquire the land you need for your next big move.

*Subject to credit approval.

Get support from our team of experts.


At United Bank, we make the home financing process easy. We invite our neighbors in Connecticut and Massachusetts to stop by one of our branches and talk to our team about your needs. Not in CT or MA? Call us and we will be happy to assist you and guide you through the process step-by-step.

Find a loan officer, email us, visit a branch or call us.