Lot Loans for Primary Residences
Colonial offers lot loans for when you've found the perfect location to live, but aren't quite ready to build a new home.
- Lot loans from $25,000 to $350,000
- 80% LTV; 720 minimum FICO
- Interest-only monthly payments with one year to begin construction
- Must also qualify for the Colonial Single Close Construction Loan
- Five acre limit in non-rural areas of Texas, Colorado and Oklahoma
- Low rate of Prime + 2.00%